Washington Area Community Investment Fund Inc

ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING, AND MISCELLANEOUS GRANTS

CDFI RAPID RESPONSE PROGRAM AWARD

SUPPORTING ENTERPRISING WOMEN OF COLOR IN THE NATIONAL CAPITAL REGION

PURPOSE: TO PROVIDE GRANTS TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) FOR THE FOLLOWING PURPOSES 1) TO EXPAND LENDING, GRANT MAKING AND INVESTMENT ACTIVITIES IN LOW OR MODERATE INCOME COMMUNITIES AND TO BORROWERS THAT HAVE HISTORICALLY EXPERIENCED SIGNIFICANT UNMET CAPITAL AND FINANCIAL SERVICES NEEDS AND WERE DISPROPORTIONATELY IMPACTED BY THE COVID 19 PANDEMIC; AND 2) TO ENABLE CDFIS TO BUILD ORGANIZATIONAL CAPACITY AND ACQUIRE TECHNOLOGY, STAFF, AND OTHER TOOLS NECESSARY TO ACCOMPLISH THE ACTIVITIES UNDER A CDFI ERP AWARD. PLANNED ACTIVITIES: ELIGIBLE ACTIVITIES INCLUDE FINANCIAL PRODUCTS, FINANCIAL SERVICES, DEVELOPMENT SERVICES, GRANTS, LOAN LOSS RESERVES AND CAPITAL RESERVES THAT MAY BE USED TO MITIGATE THE IMPACT OF THE COVID 19 PANDEMIC ON UNEMPLOYMENT, CHILDCARE, HEALTHCARE, MENTAL HEALTHCARE, AFFORDABLE HOUSING, AFFORDABLE HOUSING FINANCE, SMALL BUSINESS, SMALL FARMS, BROADBAND INTERNET, AND FOOD SUFFICIENCY. IN ADDITION, TO SUPPORT CDFIS IN BUILDING THEIR CAPACITY TO RESPOND TO THE ECONOMIC IMPACT OF COVID 19, CDFI ERP AWARDS MAY BE USED FOR COMPENSATION PERSONAL SERVICES; COMPENSATION FRINGE BENEFITS; PROFESSIONAL SERVICE COSTS; TRAVEL COSTS; TRAINING AND EDUCATION COSTS; EQUIPMENT; SUPPLIES. END GOALS: EXPANDED FINANCING FOR LOW TO MODERATE INCOME COMMUNITIES AND INDIVIDUALS THAT HAVE HISTORICALLY EXPERIENCED SIGNIFICANT UNMET CAPITAL AND FINANCIAL SERVICES NEEDS AND WERE DISPROPORTIONATELY IMPACTED BY THE COVID 19 PANDEMIC INCLUDING SPECIFIC DESIGNATED COVID IMPACTED CDFI ERP ELIGIBLE GEOGRAPHIES AS AREAS THAT MAY BENEFIT FROM CDFI ERP ASSISTANCE. BENEFICIARIES: CERTIFIED CDFIS WHICH MAY BE FOR PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, AND OTHER PRIVATE INSTITUTION/ORGANIZATION, AS DEFINED IN 12 C.F.R. 1805, AND LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.

FINANCIAL ASSISTANCE AWARD

ENTERPRISING WOMEN OF COLOR - AS PART OF THE ADMINISTRATION'S FOCUS ON EMPOWERING WOMEN, MBDA IS SEEKING TO PROMOTE MINORITY ENTREPRENEURS, WITH A FOCUS ON WOMEN ENTREPRENEURS, TO BECOME ENGINES OF ECONOMIC GROWTH IN THEIR COMMUNITIES. MBDA SEEKS TO FUND BUSINESS CENTER(S) WITH A PARTICULAR FOCUS ON SUPPORTING MINORITY WOMEN ENTREPRENEURS IN THE U.S. AND ITS TERRITORIES TO BUILD THEIR BUSINESSES, SECURE CONTRACTS AND CAPITAL, AND INCREASE EMPLOYMENT OPPORTUNITIES. THE PRIMARY DRIVERS OF THE MINORITY BUSINESS CENTER - ENTERPRISING WOMEN OF COLOR ARE: (I) CAPACITY BUILDING, AND (II) JOB CREATION/RETENTION RESULTING FROM FACILITATING CONTRACTS AND FINANCING FOR MEDIUM-SIZED MINORITY BUSINESSES. MBDA CENTERS PROVIDE TECHNICAL BUSINESS SERVICES INCLUDING (BUT NOT LIMITED TO) THE DEVELOPMENT OF A POOL OF CONTRACTS AND FINANCE OPPORTUNITIES; DIRECT MATCHING OF OPPORTUNITIES WITH QUALIFIED/VETTED MBES; RELATIONSHIP MANAGEMENT AND DEAL SOURCING INITIATIVES (E.G. INDUSTRY CLUSTERS); FACILITATIN

ENTERPRISING WOMEN OF COLOR - AS PART OF THE ADMINISTRATION'S FOCUS ON EMPOWERING WOMEN, MBDA IS SEEKING TO PROMOTE MINORITY ENTREPRENEURS, WITH A FOCUS ON WOMEN ENTREPRENEURS, TO BECOME ENGINES OF ECONOMIC GROWTH IN THEIR COMMUNITIES. AS OF 2019, 6.4 MILLION MINORITY-OWNED WOMEN BUSINESSES EMPLOYED NEARLY 2.4 MILLION PEOPLE AND GENERATED $422.5 BILLION IN REVENUE ACCORDING TO THE AMERICAN EXPRESS STATE OF WOMEN- OWNED BUSINESSES REPORT (SEPTEMBER 23, 2019). WOMEN-OWNED BUSINESSES REPRESENT 42% OF ALL BUSINESSES. THIS REPORT ALSO ESTIMATED THAT IF THE REVENUES GENERATED BY MINORITY WOMEN-OWNED FIRMS MATCHED THOSE CURRENTLY GENERATED BY ALL NON-MINORITY WOMEN-OWNED BUSINESSES, THEY WOULD ADD 4 MILLION NEW JOBS AND $981 BILLION IN REVENUES TO THE U.S. ECONOMY. WOMEN RE-INVEST APPROXIMATELY 90% OF THEIR EARNINGS INTO THEIR FAMILY AND THEIR COMMUNITIES, CREATING A UNIQUE MULTIPLIER. INVESTMENTS IN WOMEN-OWNED BUSINESSES MAKE COMMUNITIES PROSPER. MBDA SEEKS TO FUND BUSINESS CE

FINANCIAL ASSISTANCE AWARD

FINANCIAL ASSISTANCE AWARD

FY 23 PRIME TECHNICAL ASSISTANCE

FINANCIAL ASSISTANCE AWARD

WASHINGTON AREA COMMUNITY INVESTMENT FUND, DC THE PROGRAM FOR INVESTMENT IN MICROENTREPRENEURS ACT OF 1999 (THE PRIME ACT) BECAME LAW ON NOVEMBER 12, 1999 WITH THE PASSAGE OF PUB. L. NO. 106-102 (15 U.S.C. 6901 NOTE). THE PRIME ACT AUTHORIZES THE SBA ADMINISTRATOR TO ESTABLISH A PROGRAM FOR THE PURPOSES OF: (I) PROVIDING TRAINING AND TECHNICAL ASSISTANCE TO DISADVANTAGED ENTREPRENEURS; (II) PROV

FY22 PRIME TECHNICAL ASSISTANCE

SBA MICROLOAN TA APPLICATION 2022

WASHINGTON AREA COMMUNITY INVESTMENT FUND - DC

WASHINGTON AREA COMMUNITY INVESTMENT FUND - DC

DC - WASHINGTON AREA COMMUNITY INVESTMENT FUND (WASHINGTON DC)

WBC - WASHINGTON AREA COMMUNITY INVESTMENT FUND

TECHNICAL ASSISTANCE AWARD

WASHINGTON AREA COMMUNITY INVESTMENT FUND - DC TO ASSIST ALL ENTREPRENEURS BUSINESS OWNERS AND OTHER INDIVIDUALS POSSESSING THE CAPABILITY TO OPERATE SUCCESSFUL BUSINESS CONCERNS AND TO ASSIST SMALL BUSINESS CONCERNS IN THOSE AREAS SUFFERING FROM A LACK OF CREDIT DUE TO ECONOMIC DOWNTURNS UNDER THE PROGRAM THE SMALL BUSINESS ADMINISTRATION SBA WILL MAKE LOANS OR PROVIDE GUARANTIES TO PRIVATE NON PROFIT AND QUASI GOVERNMENTAL ORGANIZATIONS INTERMEDIARY LENDERS THAT WILL USE THE LOAN FUNDS TO MAKE SHORT TERM FIXED INTEREST RATE MICROLOANS IN AMOUNTS UP TO 50000 DOLLARS TO START UP NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS THESE MICROLOANS ARE TO BE USED EXCLUSIVELY FOR WORKING CAPITAL INVENTORY SUPPLIES FURNITURE FIXTURES MACHINERY AND OR EQUIPMENT IN ADDITION THE SBA WILL MAKE GRANTS TO PARTICIPATING INTERMEDIARY LENDERS TO PROVIDE MARKETING MANAGEMENT AND TECHNICAL ASSISTANCE TO PROSPECTIVE BORROWERS AND BORROWERS RECEIVING MICROLOANS UNDER THE PROGRAM SBA WILL ALSO PROVIDE TRAINING FOR INTERMEDI

MICROLOAN PROGRAM TECHNICAL ASSISTANCE

MICROLOAN - WASHINGTON AREA COMMUNITY INVESTMENT FUND - DC TO PROVIDE TRAINING AND TECHNICAL ASSISTANCE.

TECHNICAL ASSISTANCE AWARD

THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS.

THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS.

MICROLOAN TECHNICAL ASSISTANCE AWARD

MICROLOAN FY 2015

MICRO LOAN

MICROLOAN

MICROLOAN