Small business investment funds can now invest in critical minerals and tech

The Small Business Administration wants to remove old rules that made it harder for small business investment companies to get licensed. This means it will be easier for these companies to invest in critical minerals and certain new technologies.

For years, government-backed small business investment funds were restricted by outdated rules, some of which applied to programs that no longer exist. This change means more private capital can flow into areas the government considers strategically important, like critical mineral extraction and processing, and designated critical technologies. It also streamlines the process for existing funds to raise new capital.