The Minority Business Development Agency has announced the first awardees under the Capital Readiness Program. funded by the Treasury Department's State Small Business Credit Initiative, this will support small businesses applying for government small business programs.
The CRP enables small businesses to access critical technical assistance, including by supporting incubators and accelerators that provide services to underserved businesses. The Treasury Department has increased its previously announced support for the CRP, to a total of $125 million in SSBCI funding.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.