Overview

The Capital Readiness Program (CRP), a groundbreaking initiative under the American Rescue Plan, is dedicated to empowering small businesses through targeted support, resources and training. It aims to foster entrepreneurship, create jobs and enhance economic resilience in high-growth industries.

Administered by the US Department of Commerce’s Minority Business Development Agency, the CRP is a landmark initiative in the agency’s 50-year history, fundamentally transforming the landscape of small business support and empowerment. Representing the largest direct Federal investment in small business incubators and accelerators sets the stage for profound and lasting growth.

Our strategic partnerships with higher education institutions, chambers of commerce, resource organizations and funding partners will enable us to provide access to broader networks, exposure to emerging markets and access to capital to empower financially savvy, procurement-ready, and competitively viable socially and economically disadvantaged individuals (SEDIs).

Are you ready to unlock the full potential of your business? Let’s take the next step together.

Capacity Building

Provides technical assistance and curricula to support the launch and development of scalable and investable businesses through Incubators and Accelerators.

Access to Networks

Provides resources and programs to connect underserved entrepreneurs with mentors, coaches, service providers, subject matter experts, and peers who can address specific challenges.

Access to Capital

Offers technical assistance for state SSBCI programs and other government initiatives promoting entrepreneurship and broadening access to startup capital. This includes facilitating investor meetings, pitches, demo days, crowdfunding, and other capital introduction events.

Emerging Markets

Identifies and cultivates opportunities in burgeoning industries, empowering small businesses to thrive in the global economy.

CRP Team

Sonya Bigelow-Smith

Director

Amanda Beale

Program Coordinator

Capital Matters