Federal Grant Award Summary

The National Institute of Minority Economic Development (NIMED) received a $150,000 Project Grant from the U.S. Small Business Administration's (SBA) Office of Entrepreneurial Development under the Women's Business Ownership Assistance program (CFDA 59.043), awarded on September 30, 2025, with a completion date of September 29, 2026. Under this award, NIMED delivers comprehensive entrepreneurial development services to women entrepreneurs and socially and economically disadvantaged business owners, including business training, counseling, and technical assistance in areas such as finance, management, marketing, and procurement readiness. The organization leverages its multi-state network operating across North Carolina and Virginia to support women-owned and minority-owned small businesses in starting and expanding their ventures.

The award supports NIMED's Women's Business Center operations, which serves as part of the national network of entrepreneurship centers designed to assist women entrepreneurs. Services are provided from the awardee's Durham, North Carolina location, consistent with NIMED's established track record of receiving federal funding under this program and similar SBA initiatives since 2022. The organization maintains detailed client activity records and financial documentation to track the nature and variety of services delivered and demonstrate program outcomes through the grant performance period.