Initiative foundation - MN
Ended Project Grant Awarded Last action
- Award ID
- SBAHQ24PR0020
- Recipient
-
Initiative Foundation UEI DE5YPFF35C38
- 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
- Little Falls, MN 56345, USA
Award details come from USAspending.gov.
About this award
The Initiative Foundation, a nonprofit organization based in Little Falls, Minnesota, was awarded a $300,000 Project Grant from the U.S. Small Business Administration's (SBA) Office of Capital Access under the Program for Investment in Microentrepreneurs (PRIME) (CFDA 59.050). The grant, effective from September 30, 2024 to September 29, 2025, will fund the foundation's efforts to increase the number of microenterprises and enhance the management capabilities of microentrepreneurs in the region through training, technical assistance, and capacity-building services. As a community development organization focused on strengthening local entrepreneurial ecosystems, the Initiative Foundation has consistently received PRIME grants ranging from $200,000 to $300,000 annually since 2020 to support its work in delivering targeted support to disadvantaged small business owners and microentrepreneurs, particularly in underserved communities across Minnesota.
Quick answers
Who received award SBAHQ24PR0020?
SBAHQ24PR0020 was awarded to Initiative Foundation by Office of the Chief Operating Officer (Small Business Administration) on September 30, 2024.
How much is award SBAHQ24PR0020 worth?
$300,000 has been obligated on SBAHQ24PR0020.
Which agency awarded SBAHQ24PR0020?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24PR0020, with funding from Office of Capital Access (Small Business Administration).
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