FY24 congressional community project funding latino economic development corporation of washington, d.c

The U.S. Small Business Administration's Office of the Chief Operating Officer awarded a $250,000 Congressional Grants program (CFDA 59.059) project grant to the Latino Economic Development Corporation of Washington, D.C. (LEDC) on October 1, 2024. The grant funding will support LEDC's ongoing initiatives to advance economic and social opportunities for low-to-moderate income Latinos and other underserved communities in the Washington, D.C. area. As a certified Community Development Financial Institution (CDFI), LEDC will leverage this federal grant to provide a wide range of financial services, technical assistance, and capacity-building support to small businesses, startups, and entrepreneurs. The grant-funded activities will include small dollar loan programs, technical assistance to small businesses impacted by COVID-19, microloans and related training through the SBA Microloan Program, and expanded access to affordable financial services in underserved areas. LEDC has previously received funding from multiple federal agencies, including the Department of the Treasury's CDFI Fund, SBA, Department of Health and Human Services, and Department of Agriculture, to implement community economic development projects and support underserved entrepreneurial communities.