Community economic development fund foundation, INC., the…

The Community Economic Development Fund Foundation, Inc. received a $427,128 Project Grant from the Small Business Administration's (SBA) Office of Capital Access under the Microloan Program (CFDA 59.046) for the period of July 1, 2025, through June 30, 2026. This award supports the organization's provision of microloans up to $50,000 and comprehensive business development services to startup, newly established, and growing small businesses in the Meriden, Connecticut area. The funding enables the organization to deliver short-term, fixed-rate lending, business training, technical assistance, and marketing support targeting entrepreneurs who lack access to traditional commercial financing, with particular emphasis on businesses owned by women, minorities, and low-income individuals.

Under the Microloan Program, the SBA-provided grant funds support both direct lending activities and the delivery of management, marketing, and technical assistance services to prospective and current microborrowers. The award allows Community Economic Development Fund to continue its mission of fostering economic growth and providing financial empowerment in underserved communities by offering targeted financial and educational interventions to entrepreneurs facing barriers in accessing conventional financing sources.