The Harlem Entrepreneurial Fund, LLC (HEF) was awarded a $200,000 Project Grant from the United States Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) under the Community Development Financial Institutions Rapid Response Program (CDFI RRP, CFDA #21.024).
The two-year award provides funding from June 2021 through June 2023 to support HEF's ability to respond to the economic impacts of the coronavirus pandemic on its local community. As a Community Development Financial Institution, HEF is expected to utilize the grant funds to deliver financial and other services that prepare for and address the effects of the public health emergency on small businesses and entrepreneurs in Harlem, New York. The CDFI RRP aims to bolster the COVID-19 response capabilities of organizations like HEF that support underserved communities.
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