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FDIC and SBA team up to offer financial education

The Federal Deposit Insurance Corporation (FDIC) and U.S. Small Business Administration (SBA) announced new resources to support small businesses across the nation. Acting Chairman Gruenberg and SBAs Associate Administrator for Entrepreneurial Development Michael Chodos released Money Smart for Small Business, a training curriculum for new and aspiring business owners.

Developed in partnership between both agencies, this curriculum is the latest offering in the FDIC’s award-winning Money Smart program.

Money Smart for Small Business provides an introduction to day-to-day business organization and planning and is written for entrepreneurs with limited or no prior formal business training. It offers practical information that can be applied immediately, while also preparing participants for more advanced training. FDIC and SBA will form a Training Alliance for organizations that support small businesses through training, technical assistance or mentoring.

Each of the 10 instructor-led modules in Money Smart for Small Business provides financial and business management for business owners and includes a scripted instructor guide, participant guide and overhead slides. The FDIC will host an online “town hall” for potential Training Alliance partners in the months ahead.

More than 10 years after the original release of the award-winning Money Smart adult curriculum, Money Smart for Small Business builds on the proven results in finance management for those who complete the curriculum. The Money Smart for Small Business curriculum is free and available at

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