SEC. 6022 rmap-rural micro assistance grants (disc)

This federal Project Grant award of $100,000 was made on January 24, 2025 by the U.S. Department of Agriculture's Rural Business Cooperative Services under the Rural Microentrepreneur Assistance Program (CFDA 10.870). The grant recipient, the California Coastal Rural Development Corporation (CCRDC), is a non-profit Community Development Financial Institution that provides financial services, training, and technical assistance to small businesses and farmers in rural California communities.

The grant funding will enable CCRDC to establish a revolving loan fund and provide microloans up to $50,000, entrepreneurship training, business planning support, market development assistance, and other technical assistance to rural microenterprises and microentrepreneurs in California. The grant has a two-year performance period with a completion date of January 24, 2027. This award is part of a federal program focused on fostering economic development and self-sufficiency in rural areas by supporting microenterprise growth.