Pacific asian consortium in employment - CA

Ended Project Grant Awarded

Award ID
SBAHQ24Y0047
Recipient
Awarding agency
Obligated
$156,450

Award facts

Assistance listing
59.046 Microloan Program
Completion date
Funding agency
Office of Capital Access Small Business Administration
Place of performance
Los Angeles, CA, USA

Award details come from USAspending.gov.

About this award

The Small Business Administration (SBA) awarded a $156,450 Project Grant to the Pacific Asian Consortium in Employment (PACE), a minority-owned, non-profit community development corporation in Los Angeles, CA. The award is funded through the SBA's Microloan Program (CFDA 59.046), which aims to support small businesses, particularly those owned by women, minorities, and low-income individuals in underserved communities.

Under this grant, PACE will provide microloans up to $50,000 and accompanying technical assistance to entrepreneurs and small business owners in the Los Angeles area. The organization focuses on assisting women, minority, and other underserved business owners through its services, which include workforce development, business consulting, lending, and social services. PACE has a track record of delivering successful economic development and social service programs funded by federal grants from agencies like the SBA, Minority Business Development Agency, and Department of Health and Human Services.

Quick answers

Who received award SBAHQ24Y0047?

SBAHQ24Y0047 was awarded to Pacific Asian Consortium In Employment by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.

How much is award SBAHQ24Y0047 worth?

$156,450 has been obligated on SBAHQ24Y0047.

Which agency awarded SBAHQ24Y0047?

Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0047, with funding from Office of Capital Access (Small Business Administration).

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