Renaissance econ DEV corp - NY
Ended Project Grant Awarded
- Award ID
- SBAHQ24Y0086
- Recipient
-
Renaissance Economic Development Corp UEI Y58HKAHAQTQ5
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $721,001
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- New York, NY, USA
Award details come from USAspending.gov.
About this award
This federal Project Grant award of $721,001.00 from the Small Business Administration's (SBA) Microloan Program (CFDA 59.046) was provided to Renaissance Economic Development Corp, a minority-owned, nonprofit organization, to deliver microloans, business training, and financial counseling to entrepreneurs, small businesses, and low-income individuals in underserved communities in New York. As a Community Development Financial Institution (CDFI) and intermediary microlender, Renaissance Economic Development Corp utilizes federal funding to issue microloans up to $50,000 and provide accompanying technical assistance, with the goal of fostering entrepreneurship and economic development in areas lacking traditional access to credit. The award period runs from July 1, 2024, to June 30, 2025.
Quick answers
Who received award SBAHQ24Y0086?
SBAHQ24Y0086 was awarded to Renaissance Economic Development Corp by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.
How much is award SBAHQ24Y0086 worth?
$721,001 has been obligated on SBAHQ24Y0086.
Which agency awarded SBAHQ24Y0086?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0086, 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