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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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.