North carolina institute of minority economic development

The National Institute of Minority Economic Development (NIMED) was awarded a $150,000 Project Grant from the U.S. Small Business Administration's (SBA) Women's Business Ownership Assistance program (CFDA 59.043) on September 30, 2023. NIMED is a non-profit organization and community development corporation based in Durham, North Carolina that aims to assist minority and women-owned small businesses through training, counseling, and other support programs to help remove discriminatory barriers these businesses face in accessing capital, resources, and economic opportunities. The grant funding will enable NIMED to continue delivering specialized entrepreneurship training, business consulting, financial literacy education, and other services geared toward assisting women-owned small businesses in North Carolina. NIMED has been a long-standing recipient of federal grant awards, having received over $5M in prime funding from the SBA, Department of Transportation, and other agencies to carry out its mission of supporting minority and women entrepreneurs.