The Department of the Treasury Community Development Financial Institutions Fund awarded Dakota Business Lending $125,000 under the Community Development Financial Institutions Program (CFDA 21.020) Project Grant to build organizational capacity and serve target markets through September 2024. The funding will support technical assistance activities including compensation, fringe benefits, professional services, travel, training, equipment, supplies, and incorporation costs to strengthen Dakota Business Lending's ability to provide affordable financial products and services to low-income communities and individuals in the United States that lack adequate access. As a certified Community Development Financial Institution, Dakota Business Lending will use the grant to directly provide services that promote economic revitalization and community development in eligible investment areas and target populations as defined by regulation. No subrecipient activities were indicated.
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