The Northern Great Lakes Initiatives, a non-profit organization and community development corporation in Marquette, Michigan, received a $394,260 Microloan Program (CFDA 59.046) Formula Grant award from the U.S. Small Business Administration (SBA) Office of Capital Access. This grant, awarded on July 1, 2024, with a completion date of June 30, 2025, will enable Northern Great Lakes Initiatives to provide small business financing, training, and technical assistance to entrepreneurs, including women, minorities, and low-income individuals, in the Northern Great Lakes region.
The organization has previously utilized federal grant funding from the SBA Microloan Program, as well as the Department of Agriculture Rural Housing Service, to offer microloans under $50,000 and deliver business coaching, training, and other assistance to start-up and growing small businesses. This latest grant award will allow Northern Great Lakes Initiatives to continue its efforts to foster entrepreneurship and economic development in underserved communities through the provision of small business capital and capacity-building services.
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