Northern Economic Initiatives Corporation

Northern Economic Initiatives Corporation, also known as Northern Initiatives, is a non-profit organization and community development corporation registered to receive federal awards. The entity has been registered in SAM.gov since May 1, 1998. Northern Initiatives is focused on economic development services, particularly providing micro loans to support small businesses in rural areas.

Northern Initiatives has received multiple federal grant awards from the Department of Agriculture Rural Housing Service Washington Office Rural Business Cooperative Services under the SEC. 6022 RMAP-Rural Micro Assistance Grants (DISC) program. These project grants, awarded in September 2020 and September 2019, provided funding of $50,382 and $70,773 respectively, to support Northern Initiatives' efforts in providing micro loans and economic development services in rural areas. Additionally, Northern Initiatives has received a sub-grant award from the Local Initiatives Support Corporation, which aimed to build Northern Initiatives' capacity to continue offering small business loans and implementing operational improvements. This sub-grant focused on leveraging technology, streamlining processes, integrating business coaches into loan monitoring, and enabling Northern Initiatives to report loan payments to credit reporting agencies through the Credit Builders Alliance.