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Little Haiti-Edison Federal Credit Union
Miami FLCDFI Awards for Little Haiti-Edison Federal Credit Union
FA (2003) - $120,000
The Fund"s $120,000 award will be used as loan capital and to launch a micro-business loan product that would be offered through the City of Miami"s Microloan Program which would further leverage LHEFCU"s resources by utilizing the city"s funds as share deposits to secure small business loans. In addition, the Fund"s award will allow LHEFCU to obtain technical assistance needed to complete market analysis and marketing for its new micro-business loan and for developing a capitalization strategy. In the next three years, the credit union is projecting 554 new consumer loans and 131 micro business loans. Approximately 75% of this award will be targeted to Hot Zones.
Other Community Development Financial Institutions in Florida
Business Loan Fund of the Palm Beaches, Inc., The
West Palm Beach
Community Equity Investments, Inc.
Pensacola
Community Financing Consortium
West Palm Beach
Florida Community Capital Corporation
Winter Park
Jacksonville Affordable Mortgages, Inc.
Jacksonville
Metro Broward Economic Development Corporation
Fort Lauderdale
Featured Government Grant Resources
Small Business Administration's Small Business Investment Companies
The Small Business Investment Companies Program revolves around the notion of developing privately owned and managed investment companies which will be licenses and regulated by the Small Business Administration, so as to provide equity capital, long term loans, and advisory services to small business requiring such services.
Historically Underutilized Business Zones - HUBZone Empowerment Contracting Program
The Small Business Administration has established the Historically Underutilized Business Zones (HUBZone) Empowerment Contracting Program wherein they aim to provide federal contracting assistance to eligible small business corporations which are located in underutilized business zones so as to improve their employment opportunities, investments, and their area's economic development.
Social Entrepreneurship
Spotlight
The U.S. Government on Cultivating Impact Investing And Social Enterprise
According to a Private Capital, Public Good report recently released at the White House from a group of A-list impact investing and social enterprise specialists, the U.S. government can do a lot to spur the growth among the impact investing and social enterprise sectors.
