Northeast entrepreneur fund INC. - MN
Ended Project Grant Awarded Last action
- Award ID
- SBAHQ24PR0008
- Recipient
-
Northeast Entrepreneur Fund, Inc. UEI XX8MXJNE8KK7
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $300,000
Award facts
- Assistance listing
- 59.050 Prime Technical Assistance
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Duluth, MN, USA
Award details come from USAspending.gov.
About this award
The Northeast Entrepreneur Fund, Inc. (doing business as Entrepreneur Fund) received a $300,000 Project Grant award from the U.S. Small Business Administration (SBA) under the Program for Investment in Microentrepreneurs (PRIME) (CFDA 59.050). The grant funding will be used to provide training, technical assistance, and capacity building services to support microentrepreneurs and enhance the management capabilities of small business owners, particularly those from disadvantaged communities such as women, minorities, and low-income individuals. As a certified Community Development Financial Institution (CDFI), Entrepreneur Fund will leverage the SBA PRIME grant to offer a comprehensive range of services, including microloans, financial literacy education, business planning assistance, networking opportunities, and technical training. The award period runs from September 30, 2024, to September 29, 2025. Entrepreneur Fund has also previously received federal grant funding from the SBA, CDFI Fund, and USDA to support its mission of empowering underserved entrepreneurs and small businesses across northern Minnesota and northwest Wisconsin.
Quick answers
Who received award SBAHQ24PR0008?
SBAHQ24PR0008 was awarded to Northeast Entrepreneur Fund, Inc. by Office of the Chief Operating Officer (Small Business Administration) on September 30, 2024.
How much is award SBAHQ24PR0008 worth?
$300,000 has been obligated on SBAHQ24PR0008.
Which agency awarded SBAHQ24PR0008?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24PR0008, with funding from Office of Capital Access (Small Business Administration).
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