This $1,250,000 Project Grant award from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Program (CFDA 21.020) will support Mountain Bizcapital Inc., a non-profit community development corporation and certified CDFI, in providing financial and technical assistance to underserved entrepreneurs, particularly women, minorities, and low-income individuals, in rural Western North Carolina. The funding will enable Mountain Bizcapital to offer a range of services, including microloans up to $50,000, business coaching, entrepreneurship education, and technical assistance, to help establish, strengthen, and expand small business operations in economically distressed areas with limited access to traditional credit and resources. This award, effective from September 26, 2024 through December 31, 2027, is part of the CDFI Program's efforts to promote economic revitalization and community development by investing in and building the capacity of CDFIs to serve low-income and underserved populations across the United States.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $1.3m | 9/26/24 |