FY24 congressional community project funding

The U.S. Small Business Administration (SBA) awarded a $1,000,000 Congressional Grants program (CFDA 59.059) Project Grant to Baltimore Community Lending, Inc., a non-profit Community Development Financial Institution located in Baltimore, Maryland. The award, dated October 1, 2024, with a completion date of June 30, 2025, will support the organization's efforts to provide financial and technical assistance to small businesses and entrepreneurs in underserved communities within Baltimore City.

The grant funding will enable Baltimore Community Lending to deliver a range of services, including small business counseling, training, capacity building, and community economic development projects. This aligns with the Congressional Grants program's focus on fostering small business growth and addressing economic disparities by targeting resources to underserved entrepreneurial communities. The organization has a history of successfully leveraging federal grant awards from the SBA and the Department of the Treasury's Community Development Financial Institutions Fund to expand its mission-driven approach of supporting local small businesses and promoting economic self-determination in disadvantaged neighborhoods.