FY24 congressional community project funding- rhode island commerce corporation 1 550K

The U.S. Small Business Administration (SBA) awarded a $550,000 Congressional Grants program (CFDA 59.059) Project Grant to the Rhode Island Commerce Corporation. The grant funding will support small business development and entrepreneurship initiatives in Rhode Island over a 2-year period from September 1, 2024 to August 31, 2026.

The Rhode Island Commerce Corporation, as the official economic development organization for the state, will use the federal grant funds to provide comprehensive technical assistance, training, and economic development services to underserved entrepreneurial communities, including businesses owned by minorities, women, veterans, and entrepreneurs in economically disadvantaged areas. Specific activities may include business counseling, workforce training, education services, facility upgrades, and community economic development projects designed to foster small business growth and address systemic barriers to success.