Aiming to scale private capital, DOD will leverage SBA partnership for its new office

By Audrey Decker / December 3, 2022 at 3:49 PM
SIMI VALLEY, CA -- The Defense Department will partner with the Small Business Administration to advance its newly established office to invest in critical technology areas by using an SBA program to administer loans to investors. On Thursday, the Pentagon announced it was standing up the Office of Strategic Capital -- a new office aimed to bridge the “valley of death” by connecting defense companies with private investors. Defense Secretary Lloyd Austin and Isabella Guzman, administrator of the SBA, signed...

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