SBA launches new initiative for socially disadvantaged businesses

The U.S. Small Business Administration (SBA) today launched its new Community Navigator Pilot Program, a new initiative under the American Rescue Plan designed to reach the nation's smallest businesses,

SBA said the new initiative prioritizes focus on those owned by socially and economically disadvantaged individuals, as well as women and veterans.

SBA will accept applications through July 12, 2021, and anticipates making award decisions by August 2021.

“The Community Navigator Pilot Program is a crucial addition to our SBA programs because it helps us to connect with small businesses that have historically been underserved or left behind," said SBA administrator