Neighborhood development center - MN

Ended Formula Grant Awarded

Award ID
SBAHQ24Y0112
Recipient
Awarding agency
Obligated
$227,047

Award facts

Assistance listing
59.046 Microloan Program
Completion date
Funding agency
Office of Capital Access Small Business Administration
Place of performance
St Paul, MN, USA

Award details come from USAspending.gov.

About this award

Written by GovTribe AI ·

The U.S. Small Business Administration (SBA) awarded a $227,047 Formula Grant under the Microloan Program (CFDA 59.046) to Neighborhood Development Center Inc., a non-profit community development corporation based in St. Paul, Minnesota. The grant provides funding for the organization to offer microloans up to $50,000 and comprehensive technical assistance to small businesses, particularly those owned by women, minorities, and low-income individuals in underserved communities. The grant has a performance period from July 1, 2024, to June 30, 2025, and supports Neighborhood Development Center Inc.'s mission of fostering entrepreneurship and economic development through targeted financial services and business development initiatives. The organization has a track record of effectively utilizing SBA and other federal grants to expand lending and investment activities in low- and moderate-income areas.

Quick answers

Who received award SBAHQ24Y0112?

SBAHQ24Y0112 was awarded to Neighborhood Development Center Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.

How much is award SBAHQ24Y0112 worth?

$227,047 has been obligated on SBAHQ24Y0112.

Which agency awarded SBAHQ24Y0112?

Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0112, with funding from Office of Capital Access (Small Business Administration).

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