Cdfi rapid response program award

The Long Island Small Business Assistance Corp (LISBAC) received a $200,000 Project Grant award from the 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 December 2023 to support LISBAC's ability to assist small businesses on Long Island in preparing for and responding to the economic impacts of the coronavirus pandemic. As a Community Development Financial Institution, LISBAC will use the grant to deliver products and services that support and strengthen small businesses during this challenging time.

The CDFI RRP aims to bolster the pandemic response efforts of CDFIs across the country by helping them meet increased demand in the communities they serve. This award will allow LISBAC to fulfill its mission and directly support small business recovery on Long Island over the next two and a half years.