Community econ DEV fund foundation INC - CT
Ended Formula Grant Awarded Last action
- Award ID
- SBAHQ24Y0101
- Recipient
-
Community Economic Development Fund Foundation, Inc The UEI DCVTG5JCS691
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $422,937
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- San Diego, CA, USA
Award details come from USAspending.gov.
About this award
The U.S. Small Business Administration (SBA) Office of Capital Access awarded a $422,937 Formula Grant on July 1, 2024 to the Community Economic Development Fund Foundation, Inc. (CEDF) under the Microloan Program (CFDA #59.046). This grant enables CEDF, a non-profit organization based in Meriden, Connecticut, to provide microloans up to $50,000 and comprehensive business development services to underserved entrepreneurs, particularly women, low-income, and minority business owners in the Meriden area who lack access to traditional commercial financing. The grant supports CEDF's core mission of fostering economic growth in underserved communities by empowering small businesses through targeted financial assistance and educational interventions, such as business training, technical assistance, and short-term lending. This annual Formula Grant award is part of a consistent pattern of funding from the SBA Microloan Program to CEDF, with previous awards ranging from $422,937 to $596,397 between 2020 and 2024.
Quick answers
Who received award SBAHQ24Y0101?
SBAHQ24Y0101 was awarded to Community Economic Development Fund Foundation, Inc The by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.
How much is award SBAHQ24Y0101 worth?
$422,937 has been obligated on SBAHQ24Y0101.
Which agency awarded SBAHQ24Y0101?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0101, with funding from Office of Capital Access (Small Business Administration).
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