Measuring Economic Development Performance
CREC is collaborating with partners to sponsor research on how states are measuring the performance of the portfolio of economic development programs.
In 2016, we published the first of an occasional series. We welcome others to contribute and to help us in moving this effort forward on behalf of the economic development practice.
|2016||State Economic Development Performance Indicators White Paper (PDF)|
|2017||Redefining Economic Development Performance Indicators for a Field in Transition (PDF)|
State Small Business Credit Initiative (SSBCI)
The State Small Business Credit Initiative (SSBCI) was created through the Small Business Jobs Act of 2010 (the “Act”). SSBCI was funded with $1.5 billion to strengthen state programs that support financing of small businesses. Treasury awarded funding to all 50 states, the District of Columbia, and all U.S. Territories, based on their proportion of unemployed persons as a percentage of the national total.
Participating States funded new or existing state programs that fell into one of the following types: Capital Access Program (CAP), Collateral Support Program, Loan Guarantee Program, Loan Participation Program, or Venture Capital Program. General program parameters required Participating States to demonstrate a reasonable expectation of leveraging $10 of private dollars for every $1 of SSBCI funding expended.