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 California Coastal Rural Development Corporation (CCRDC), a nonprofit organization, on January 24, 2025. This two-year grant supports CCRDC in providing financial and technical assistance to rural microenterprises and microentrepreneurs in California. The funding allows CCRDC to establish revolving loan funds, offer business training, and deliver technical support to small businesses with 10 or fewer employees, with a focus on underserved communities such as low-income, minority, and women-owned enterprises. As a Community Development Financial Institution, CCRDC has also received additional federal grants, including $2.5 million from the CDFI Equitable Recovery Program and $1.8 million from the CDFI Rapid Response Program, to expand lending and build capacity to assist communities impacted by COVID-19.
Generated 3/4/25, 2:23 AM