The U.S. Small Business Administration (SBA) awarded a $474,030 Project Grant to AMPAC TRI-STATE CDC INC. on July 1, 2024 under the SBA Microloan Program (CFDA 59.046). This federal grant provides funding to the non-profit community development corporation to offer microloans up to $50,000 and technical assistance to women, low-income, and minority entrepreneurs, business owners, and other individuals in underserved communities. The goal is to foster entrepreneurship and economic development in areas lacking traditional credit access. AMPAC TRI-STATE CDC INC. has received prior federal grant awards from the SBA and the Department of Treasury's Community Development Financial Institutions (CDFI) Fund to expand lending and services to underserved communities impacted by COVID-19, provide direct small business loans and counseling, and support pandemic economic response. The organization has not received any federal grant sub-awards.
Generated 2/25/25, 4:30 AM