The U.S. Department of Agriculture's Rural Business Cooperative Services awarded a $289,324 Project Grant under the Rural Microentrepreneur Assistance Program (CFDA 10.870) to the Northern Me Dev Commission, a non-profit community development organization based in Caribou, Maine. The grant will enable Northern Me Dev Commission to provide financial and technical assistance to rural microenterprises and microentrepreneurs in Aroostook and Washington counties, including offering microloans up to...
The U.S. Department of Agriculture's Rural Business Cooperative Services awarded a $100,000 Project Grant under the Rural Microentrepreneur Assistance Program (CFDA 10.870) to the Southern Maine Finance Agency (DBA Economic Development) on January 2, 2025. The grant provides funding for the organization to deliver training, technical assistance, and financial services to support the development and ongoing operations of rural microenterprises located in areas with populations under 50,000. Key...
The Department of Commerce Economic Development Administration awarded a $2.5 million Project Grant to the Northern Maine Development Corporation on September 29, 2021 under the Economic Adjustment Assistance program (CFDA 11.307). This supplemental funding will replenish NMDC's revolving loan fund to provide affordable capital to businesses in Caribou, Maine responding to impacts from the COVID-19 pandemic. An initial EDA CARES Act revolving loan fund grant of $3.34 million awarded in July 2020...
The Small Business Administration Office of Capital Access awarded a $290,787 Microloan Program Technical Assistance Grant to the Northern Me Dev Commission for the period of July 1, 2022 to June 30, 2023. Under the Microloan Program (CFDA #59.046), the Northern Me Dev Commission will provide technical assistance services to women, low-income, minority and other entrepreneurs and small business owners in Caribou, Maine. The Microloan Program aims to expand access to credit for these...
This federal Project Grant award of $220,552 was provided by the U.S. Department of Agriculture's Rural Business Cooperative Services through the Rural Microentrepreneur Assistance Program (CFDA 10.870). The grant recipient, Maryland Capital Enterprises, Inc., is a non-profit community development corporation that specializes in providing comprehensive support services to small businesses, particularly those owned by women, minorities, and low-income entrepreneurs in Maryland. The grant...
The Small Business Administration (SBA) Microloan Program awarded a $295,942 Formula Grant to the Northern Me Dev Commission, a non-profit community development corporation and Community Development Financial Institution (CDFI) serving Aroostook and Washington counties in Northern Maine. This grant, awarded on July 1, 2023, with a completion date of June 30, 2024, provides direct loans and grants to the Commission so that it may offer micro-level loans, business-based training, and technical...
The Department of Agriculture's Rural Business Cooperative Services awarded a $159,556 Project Grant under the Rural Microentrepreneur Assistance Program (CFDA 10.870) to the Economic And Community Development Institute, Inc. (Ecdi), a non-profit community development organization, on September 27, 2023. This two-year grant will enable Ecdi to deliver a range of services supporting rural microentrepreneurs and microenterprises, including business skills training, technical assistance,...
The Department of Agriculture's Rural Business Cooperative Services awarded a $144,968 Project Grant under the Rural Microentrepreneur Assistance Program (CFDA #10.870) to Maryland Capital Enterprises, Inc. The funding supports the organization's delivery of microloans, business consulting, and entrepreneurial training to empower small businesses and microentrepreneurs, particularly in underserved communities across Maryland. This two-year award, effective September 26, 2023, will enable...
The Rural Development Corporation (RNDC) was awarded a $171,072 Project Grant from the Department of Agriculture Rural Housing Service under the Rural Microentrepreneur Assistance Program (CFDA 10.870). The two-year grant will provide continuing technical and financial assistance to rural microentrepreneurs in Nevada through September 2024. Specifically, RNDC will deliver skills training and support to establish new rural microenterprises and assist with their successful operation. The Rural...
The Department of Agriculture Rural Housing Service awarded a $100,000 Project Grant to the Northeast Entrepreneur Fund, Inc. doing business as Entrepreneur Fund, for the Rural Microentrepreneur Assistance Program (CFDA #10.870). The grant will support Entrepreneur Fund's delivery of technical assistance and financial skills training to rural microentrepreneurs from Mar 2021 to Mar 2023. The Rural Microentrepreneur Assistance Program aims to provide rural business owners with less than...