Adirondack economic DEV corp - NY

Ended Formula Grant Awarded Last action

Award ID
SBAHQ23Y0034
Recipient
Awarding agency
Obligated
$233,409

Award facts

Assistance listing
59.046 Microloan Program
Completion date
Funding agency
Office of Capital Access Small Business Administration
Place of performance
Saranac Lake, NY, USA

Award details come from USAspending.gov.

About this award

Written by GovTribe AI ·

The Adirondack Economic Development Corporation (AEDC) received a $233,409 Formula Grant from the U.S. Small Business Administration (SBA) Office of Capital Access under the Microloan Program (CFDA 59.046) to assist women, low-income, and minority entrepreneurs, business owners, and other individuals operating successful business concerns in areas lacking credit access. Through this funding, AEDC provides microloans under $50,000, business training, technical assistance, and financial services to small businesses, entrepreneurs, organizations, and underserved communities primarily in the Adirondack region of New York. AEDC also uses the grant to build the capacity of certified and emerging Community Development Financial Institutions (CDFIs) and to administer aid to help local businesses withstand the economic impacts of the COVID-19 pandemic. The award period is from July 1, 2023 to June 30, 2024.

Quick answers

Who received award SBAHQ23Y0034?

SBAHQ23Y0034 was awarded to Adirondack Economic Development Corporation by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2023.

How much is award SBAHQ23Y0034 worth?

$233,409 has been obligated on SBAHQ23Y0034.

Which agency awarded SBAHQ23Y0034?

Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ23Y0034, with funding from Office of Capital Access (Small Business Administration).

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