Northeast south dakota EC corp - SD
Ended Project Grant Awarded
- Award ID
- SBAHQ24Y0071
- Recipient
-
Northeast South Dakota Economic Corp UEI YR2KCN9TXZQ4
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $150,000
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Sisseton, SD 57262, USA
Award details come from USAspending.gov.
About this award
The U.S. Small Business Administration (SBA) awarded a $150,000 Project Grant to Northeast South Dakota Economic Corp (Nesdec), a non-profit organization, under the SBA's Microloan Program (CFDA 59.046). The grant, effective July 1, 2024 through June 30, 2025, will enable Nesdec to provide microloans up to $50,000 and technical assistance to small businesses, particularly those owned by women, minorities, and low-income individuals in underserved rural areas of South Dakota. Nesdec has received over $4.5 million in prior federal funding from programs such as the USDA's Rural Business Cooperative Service and the Treasury's Community Development Financial Institutions Fund to support its small business lending, training, and economic development initiatives. The Microloan Program funding allows Nesdec to continue its mission of fostering entrepreneurship and expanding access to capital in economically disadvantaged regions.
Quick answers
Who received award SBAHQ24Y0071?
SBAHQ24Y0071 was awarded to Northeast South Dakota Economic Corp by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.
How much is award SBAHQ24Y0071 worth?
$150,000 has been obligated on SBAHQ24Y0071.
Which agency awarded SBAHQ24Y0071?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0071, with funding from Office of Capital Access (Small Business Administration).
On GovTribe
See this award's full record
- Every transaction and subaward
- The recipient's other awards and teaming partners
- Similar grant awards
- Ask GovTribe AI about this award