Access to capital

Active Project Grant Awarded Last action

Award ID
ARC24C21740
Recipient
Awarding agency
Obligated
$1,000,000

Award facts

Assistance listing
23.002 Appalachian Area Development
Completion date 77% complete
Funding
  • $500,000.00 Federal
  • $500,000.00 Non-federal
Place of performance
Tennessee, USA

Award details come from USAspending.gov.

About this award

Written by GovTribe AI ·

The Appalachian Regional Commission awarded a $1,000,000 Project Grant to Southeast Community Capital Corporation, a non-profit community development organization, under the Appalachian Area Development (CFDA 23.002) program. The grant funding supports the organization's mission to foster economic development in underserved communities in the Appalachian region. Key services delivered through this award include:

Providing microloans up to $50,000 to small businesses and entrepreneurs, along with accompanying business training and technical assistance. The grant also funds Southeast Community Capital's Veterans Outreach Program, which offers entrepreneurship training and support for veterans and military spouses, as well as the Program for Investment in Microentrepreneurs (PRIME), which delivers financial literacy education and capacity-building services to disadvantaged entrepreneurs. The 3-year grant period runs from July 1, 2024 to June 30, 2027.

Quick answers

Who received award ARC24C21740?

ARC24C21740 was awarded to Southeast Community Capital Corporation by Appalachian Regional Commission on July 1, 2024.

How much is award ARC24C21740 worth?

$1,000,000 has been obligated on ARC24C21740: $500,000 in federal funding and $500,000 in non-federal funding.

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