News & Events

Administrator Isabella Casillas Guzman, who leads the U.S. Small Business Administration (SBA) and advocates for America’s 33 million small businesses within President Biden’s Cabinet, has unveiled the recipients of the 2023 Program for Investment in Microentrepreneurs (PRIME) grant awards.

Administrator Guzman explained that SBA PRIME grants are designed to assist local nonprofit organizations that actively support small businesses at the grassroots level, enabling them to become investment-ready and gain access to funding, thus facilitating the establishment and growth of resilient businesses. She emphasized that through these 32 community partners, the Biden-Harris Administration is working to remove obstacles and bridge funding gaps for small businesses, particularly those in underserved communities, to ensure they can seize opportunities in America’s investment landscape.