Economic and community DEV institute - OH
Ended Project Grant Awarded Last action
- Award ID
- SBAHQ24Y0139
- Recipient
-
Economic And Community Development Institute, Inc. UEI NCBNNNMBAEL3
- Awarding agency
-
Office of the Chief Operating Officer
Small Business Administration
- Obligated
- $1,537,963
Award facts
- Assistance listing
- 59.046 Microloan Program
- Completion date
- Funding agency
- Office of Capital Access Small Business Administration
- Place of performance
- Columbus, OH, USA
Award details come from USAspending.gov.
About this award
The U.S. Small Business Administration (SBA) awarded a $1,537,963 Microloan Program (CFDA 59.046) grant to the Economic And Community Development Institute, Inc. (ECDI), a non-profit Community Development Financial Institution (CDFI) located in Columbus, Ohio. The grant, effective July 1, 2024 through June 30, 2025, enables ECDI to provide microloans up to $50,000 and technical assistance to small businesses, with a focus on those owned by women, minorities, and low-income individuals in underserved communities. ECDI uses the funding to offer business training, counseling, and capacity-building services to help foster entrepreneurship and economic development. Through sub-award partnerships, ECDI has expanded its reach to support minority contractors, residential developers, and small businesses in various regions, with specific initiatives targeting pandemic relief, economic development in underserved areas, and entrepreneurship for disadvantaged populations.
Quick answers
Who received award SBAHQ24Y0139?
SBAHQ24Y0139 was awarded to Economic And Community Development Institute, Inc. by Office of the Chief Operating Officer (Small Business Administration) on July 1, 2024.
How much is award SBAHQ24Y0139 worth?
$1,537,963 has been obligated on SBAHQ24Y0139.
Which agency awarded SBAHQ24Y0139?
Office of the Chief Operating Officer (Small Business Administration) awarded SBAHQ24Y0139, with funding from Office of Capital Access (Small Business Administration).
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