Nybdc local DEV corp - NY
Ended Formula Grant Awarded
- Award ID
- SBAHQ24Y0077
- Recipient
-
Nybdc Local Development Corp UEI L2U5DBNNJTX1
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $1,255,090
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Albany, NY, USA
Award details come from USAspending.gov.
About this award
The Small Business Administration (SBA) awarded a $1,255,090 Formula Grant under the Microloan Program (CFDA 59.046) to Nybdc Local Development Corp, a certified Community Development Financial Institution (CDFI) and nonprofit organization, for the period of July 1, 2024 to June 30, 2025. The grant funding will enable Nybdc Local Development Corp to provide microloans up to $50,000 or $100,000, as well as business training, technical assistance, and support services to small businesses, particularly those owned by women, minorities, low-income individuals, and veterans in underserved communities lacking access to traditional credit sources. The goal is to foster entrepreneurship, economic development, and community revitalization in these areas. As a federal grant sub-awardee, Nybdc Local Development Corp partners with organizations like Syracuse University's Institute for Veterans and Military Families to deliver entrepreneurship programs for veterans, demonstrating its commitment to collaborative efforts in supporting small businesses.
Quick answers
Who received award SBAHQ24Y0077?
SBAHQ24Y0077 was awarded to Nybdc Local Development Corp by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.
How much is award SBAHQ24Y0077 worth?
$1,255,090 has been obligated on SBAHQ24Y0077.
Which agency awarded SBAHQ24Y0077?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0077, with funding from Office of Capital Access (Small Business Administration).
On GovTribe
See this award's full record
- Every transaction and subaward
- The recipient's other awards and teaming partners
- Similar grant awards
- Ask GovTribe AI about this award