This $900,000 Project Grant award, provided by the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020), will enable Small Business Assistance Corp, a non-profit community development organization in Savannah, Georgia, to deliver financial services, microloans, business development, and technical assistance to underserved communities. The funding will be used to empower minority-owned businesses, entrepreneurs, and small businesses lacking traditional financing options, particularly in areas impacted by economic challenges like the COVID-19 pandemic. This grant, awarded on September 26, 2024, is part of the CDFI Program's efforts to promote economic revitalization and community development through investments in certified and emerging CDFIs, which serve low-income, Native American, and economically disadvantaged populations by expanding access to affordable financial products and fostering economic self-determination.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $900.0k | 9/26/24 |