Project Grant SBAHQ24Y0003

The African Development Center will receive $171,500 through June 30, 2023 from the Small Business Administration Office of Capital Access under the Microloan Program (CFDA #59.046) to provide technical assistance services. Specifically, the funding will support expenses including loan officer preparations and delivery of pre-loan and post-loan technical assistance, personnel, training, and supplies. The Microloan Program aims to assist underserved entrepreneurs and business owners through...

The African Development Center received a $1.8 million project grant award from the Department of the Treasury's Community Development Financial Institutions Rapid Response Program on June 15, 2021. The grant funding will support the Center's ability to respond to the economic impacts of the coronavirus pandemic through the program completion date of December 31, 2023. As the designated awardee, the African Development Center will utilize the grant funding to deliver services that prepare for...

The Small Business Administration (SBA) Microloan Program awarded a $128,641 Formula Grant to the African Development Center, a nonprofit organization that serves underserved entrepreneurs and small businesses in Minnesota, particularly African immigrant and refugee communities. This funding supports the African Development Center's provision of microloans, business training, and technical assistance to start-up, newly established, and growing small business concerns. Specifically, the grant...

The Neighborhood Development Center Inc. was awarded a $1,000,000 project grant from the Small Business Administration Office of the Chief Operating Officer under the Congressional Grants program (CFDA 59.059). The grant will support the organization's provision of small business development and entrepreneurship initiatives in St. Paul, Minnesota from August 1, 2022 through July 31, 2027. As described by the program, funding will enable Neighborhood Development Center Inc. to carry out...

African Economic Development Solutions received a $540,450 Project Grant award from the Department of the Treasury's Community Development Financial Institutions Fund under the Community Development Financial Institutions Rapid Response Program. The grant period runs from June 15, 2021 through December 31, 2023. The funding will support African Economic Development Solutions' ability to provide financial and technical assistance to communities and businesses impacted by the economic effects of...

Federal Project Grant Award Summary Sabathani Community Center, a minority-owned nonprofit organization in Minneapolis, Minnesota, received a $477,172 Project Grant award from the Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development under the Continuum of Care (CoC) Program (CFDA 14.267). The award, obligated on October 1, 2025, with a completion date of September 30, 2026, supports the organization's efforts to address homelessness through...

The U.S. Small Business Administration (SBA) awarded a $1,600,000 Congressional Grants Program (CFDA 59.059) Project Grant to Neighborhood Development Center Inc., a non-profit community development corporation in St. Paul, Minnesota. The grant will fund a 5-year initiative to support small business development and entrepreneurship, including providing direct microloans under $50,000, pre-loan business planning assistance, post-loan technical support, training services, and operational...

The Minority Business Development Agency (MBDA) awarded $459,456 under the MBDA Business Center cooperative agreement to provide technical assistance, training, education, and advisory services to minority business enterprises affected by COVID-19. The award recipient, Metropolitan Economic Development Association (Meda), will assist minority business enterprises in Minneapolis, Minnesota from July 1, 2021 to June 30, 2022. Key performance metrics for Meda include the number of minority...

The Neighborhood Development Center Inc. was awarded a $713,002 Project Grant from the Small Business Administration Office of Capital Access under the Microloan Program (CFDA 59.046) to provide pre-loan and post-loan technical assistance to support small businesses from July 1, 2022 to June 30, 2023. The Microloan Program aims to assist entrepreneurs and small business owners in underserved areas by providing credit and support services. Under this award, Neighborhood Development Center will...

The Small Business Administration awarded a $1,000,000 project grant to the Neighborhood Development Center Inc. from FY22 through FY27 under the Congressional Grants program (CFDA 59.059). The funding will support the organization's small business development and entrepreneurship initiatives in St. Paul, MN. As indicated in the program description, the grant monies may be used to deliver technical assistance services to new and existing small businesses through programmatic activities or...