Renaissance economic development corporation SBA microloan technical assistance program
Ended Project Grant Awarded Last action
- Award ID
- SBAHQ22Y0015
- Recipient
-
Renaissance Economic Development Corp UEI Y58HKAHAQTQ5 Part of Asian Americans For Equality, Inc.
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $2,243,486
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding
-
- $1,121,743.00 Federal
- $1,121,743.00 Non-federal
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- New York, NY, USA
Award details come from USAspending.gov.
About this award
The Renaissance Economic Development Corporation was awarded a $2.24 million Project Grant from the Small Business Administration under the Microloan Program (CFDA 59.046) for the period of July 1, 2022 to June 30, 2023.
As a sub-awardee of Asian Americans for Equality, Inc., Renaissance EDC will deliver technical assistance to microloan borrowers in New York, NY in support of the Microloan Program's goal of expanding access to credit for small businesses in underserved communities. Specifically, Renaissance EDC will provide training and counseling to entrepreneurs, business owners, and other individuals to help start and operate successful small business concerns through the SBA's microloan financing. The Microloan Program aims to foster economic development and sustainability in areas lacking adequate credit opportunities.
Quick answers
Who received award SBAHQ22Y0015?
SBAHQ22Y0015 was awarded to Renaissance Economic Development Corp by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2022.
How much is award SBAHQ22Y0015 worth?
$2,243,486 has been obligated on SBAHQ22Y0015: $1,121,743 in federal funding and $1,121,743 in non-federal funding.
Which agency awarded SBAHQ22Y0015?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ22Y0015, with funding from Office of Capital Access (Small Business Administration).
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