Carolina small business development fund

The Small Business Administration (SBA) awarded a $150,000 Project Grant under the Women's Business Ownership Assistance Program (CFDA 59.043) to the Carolina Small Business Development Fund, a non-profit Community Development Financial Institution. The funding will support the organization's efforts to provide training, counseling, and technical assistance to assist small businesses owned and controlled by women, with an emphasis on socially and economically disadvantaged individuals. Through this award, the Carolina Small Business Development Fund will work to remove discriminatory barriers that women entrepreneurs face in accessing capital, markets, management, and other critical resources for business growth. The grant has a period of performance from Sep 30, 2023 to Sep 29, 2024. Additionally, the organization will serve as a pass-through entity, sub-awarding portions of the federal grant to initiatives like the Western Women's Business Center operated by the City of Asheville to further expand services to underserved women entrepreneurs.