High Street Equity Partners selected for Arkansas’ State Small Business Credit Initiative Program | State

LITTLE ROCK, Ark., May 21, 2024 /PRNewswire/ — High Street Equity Partners (HSEP), a leading venture capital firm committed to investing in innovative technology companies within emerging innovation hubs across the United Statesproudly announces its selection by the Arkansas Development Finance Authority (ADFA) for the Arkansas State Small Business Credit Initiative (SSBCI) program.

Reauthorized and expanded under President Biden’s American Rescue Plan, the SSBCI is a nearly $10 billion initiative aimed at supporting small businesses and entrepreneurship across the United States. The program provides essential capital and technical assistance to promote small business stability, growth, and success. Administered by the US Department of the Treasury, SSBCI funds are allocated to states, the District of Columbiaterritories, and Tribal governments to support capital programs that encourage lending and investment in small businesses, build entrepreneurial ecosystems, and create high-quality jobs. Arkansas has been approved for up to $81.6 million in SSBCI funding. Through its partnership with High Street Equity Partners, the State of Arkansas aims to catalyze high-growth companies based in Arkansas.

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