Union county econ DEV corp - NJ

Ended Project Grant Awarded

Award ID
SBAHQ24Y0080
Recipient
Awarding agency
Obligated
$944,363

Award facts

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

Award details come from USAspending.gov.

About this award

Written by GovTribe AI ·

The Union County Economic Development Corp (Ucedc) received a $944,363 Project Grant from the U.S. Small Business Administration's (SBA) Microloan Program (CFDA 59.046) with a performance period from July 1, 2024 to June 30, 2025. The grant will enable Ucedc, a certified Community Development Financial Institution (CDFI), to provide microloans up to $50,000 and accompanying technical assistance to small businesses, particularly those owned by women, minorities, and low-income individuals in underserved communities. The funding supports Ucedc's mission to foster entrepreneurship and economic development by delivering access to capital and capacity-building services to small businesses. This award complements Ucedc's other recent federal grant funding, including an $800,000 CDFI Program grant and a $224,618 Department of Defense Cooperative Agreement to establish an APEX Accelerator for government procurement support.

Quick answers

Who received award SBAHQ24Y0080?

SBAHQ24Y0080 was awarded to Union County Economic Development Corp by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.

How much is award SBAHQ24Y0080 worth?

$944,363 has been obligated on SBAHQ24Y0080.

Which agency awarded SBAHQ24Y0080?

Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0080, with funding from Office of Capital Access (Small Business Administration).

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