FY24 congressional community project funding- latin american economic development association, INC.

This $500,000 Project Grant was awarded by the U.S. Small Business Administration (SBA) under the Congressional Grants program (CFDA 59.059) to the Latin American Economic Development Association, Inc. (Laeda), a minority-owned non-profit organization and community development corporation based in Camden, NJ. The award will support Laeda's work to provide entrepreneurial training, counseling, and technical assistance services to small businesses and entrepreneurs, with a focus on underserved communities and women-owned enterprises. Key funded activities include establishing a Food Business Development Center, delivering specialized training programs, and implementing broader economic development initiatives to remove discriminatory barriers and support the growth of small businesses in the Camden region. This grant award, valid from August 1, 2024 to July 31, 2029, represents one of Laeda's many federal grant awards that have totaled over $1.1 million in recent years to advance its mission of empowering socially and economically disadvantaged entrepreneurs, particularly those from the Latin American community.