SSBCI 2.0

SSBCI 2.0: A New Capital Tool for Revitalizing and Diversifying Manufacturing explores how the revived State Small Business Credit Initiative (SSBCI), funded by the American Rescue Plan, offers a powerful opportunity to expand access to capital for small manufacturers—particularly those led by entrepreneurs of color. Co-published by The Century Foundation and the Urban Manufacturing Alliance, the report outlines key lessons from the first iteration of SSBCI and provides recommendations for using this tool to promote racial equity and economic revitalization. Drawing on research from UMA’s State of Urban Manufacturing and Pathways to Patient Capital initiatives, the report highlights how mission-driven lenders like CDFIs can play a central role in deploying patient capital, supporting innovation, and ensuring that historically underserved business owners can share in the benefits of a growing manufacturing economy.