FY24 congressional community project funding

The U.S. Small Business Administration (SBA) awarded a $400,000 Project Grant under the Congressional Grants program (CFDA 59.059) to the Rhode Island Commerce Corporation. The award duration is from Sep 1, 2024 to Aug 31, 2026.

The funding will support small business development and entrepreneurship initiatives in Rhode Island, including providing business counseling, technical assistance, workforce training, education services, facility upgrades, and community economic development projects. The Rhode Island Commerce Corporation, which serves as the state's official economic development organization, will leverage this grant to foster small business growth, with a focus on supporting underserved entrepreneurial communities such as minority-owned, women-owned, and veteran-owned businesses, as well as entrepreneurs in economically disadvantaged areas. The grant aims to address economic disparities and help emerging small businesses overcome systemic barriers to success.