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Delaware's $14M Push to Boost Small Businesses

4/26/2025

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Summary

Story summary

Delaware plans to allocate $14 million in federal funds to small businesses by 2025 through the SSBCI.
Governor Matt Meyer urges swift action, noting only $2 million has been distributed so far.
The initiative focuses on loans and venture capital for underserved businesses.
“The Race to $14M” campaign monitors the distribution progress.
The Delaware Accelerator and Seed Capital Program provides up to $1 million for impactful startups.

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Story summary

Delaware plans to allocate $14 million in federal funds to small businesses by 2025 through the SSBCI.
Governor Matt Meyer urges swift action, noting only $2 million has been distributed so far.
The initiative focuses on loans and venture capital for underserved businesses.
“The Race to $14M” campaign monitors the distribution progress.
The Delaware Accelerator and Seed Capital Program provides up to $1 million for impactful startups.