Adirondack EC DEV corp - NY
Ended Project Grant Awarded
- Award ID
- SBAHQ24Y0136
- Recipient
-
Adirondack Economic Development Corporation UEI E1NJH1X61A36
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $240,247
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Saranac Lake, NY, USA
Award details come from USAspending.gov.
About this award
The U.S. Small Business Administration (SBA) awarded a $240,247 Project Grant under the Microloan Program (CFDA 59.046) to the Adirondack Economic Development Corporation (A E D C), a nonprofit Community Development Corporation (CDC) serving the Adirondack region of New York. The grant, with a performance period from July 1, 2024 to June 30, 2025, will enable A E D C to provide microloans up to $50,000 and business support services to women, minority, and low-income entrepreneurs and small businesses in underserved communities lacking access to traditional credit. As a CDC and Community Development Financial Institution (CDFI), A E D C focuses on fostering economic development and entrepreneurship through targeted financial products and technical assistance programs. The Microloan Program funding will allow the organization to expand its microlending and capacity-building efforts to support the growth of small businesses in the Adirondack region.
Quick answers
Who received award SBAHQ24Y0136?
SBAHQ24Y0136 was awarded to Adirondack Economic Development Corporation by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.
How much is award SBAHQ24Y0136 worth?
$240,247 has been obligated on SBAHQ24Y0136.
Which agency awarded SBAHQ24Y0136?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0136, with funding from Office of Capital Access (Small Business Administration).
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