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NEWCORP Business Assistance Center
2900 St. Bernard AvenueNew Orleans LA, 70119-0000
CDFI Awards for NEWCORP Business Assistance Center
TA (2006) - $100,000
NewCorp Inc. is a certified CDFI established in 1998 to provide small business loans, technical assistance, and access to business opportunities for micro, small and emerging business clients across its 9-parish New Orleans metropolitan area. NewCorp Inc. will use the 2006 TA grant of $100,000 to 1) obtain services to perform a post-Katrina market study; 2) engage portfolio recovery assessment services; 3) pay for staff training in community development lending; 4) cover operating epenses for staff to be replaced due to displacement as a result of Hurricane Katrina and 5) relocate offices and purchase computer hardware and other materials and equipment destroyed by Hurrican Katrina.
TA (2004) - $20,000
Newcorp, Inc. will use the award to conduct a market analysis and impact evaluation; perform a loan systems review; and obtain technology upgrades and staff training.
FA (2004) - $280,000
NewCorp Business Resource Center (NBRC) will use the award to capitalize a loan program specifically aimed at "entrepreneurs and small businesses located on commercial corridors which have experienced blight and decay over the past 10 to 20 years due to out-migration. The products will specifically support borrowers seeking to upgrade building facades, to renovate buildings, and to receive technical assistance.
Other Community Development Financial Institutions in Louisiana
ASI Federal Credit Union
Harahan
Capital One Community Renewal Fund, LLC
New Orleans
Dryades Savings Bank, FSB
New Orleans
Eagle Louisiana Federal Credit Union
Baton Rouge
Enhanced Delta Community Development, LLC
New Orleans
Liberty Bank and Trust Company
New Orleans
Liberty Financial Services
New Orleans
National Cities Fund, LLC
New Orleans
New Orleans Community Development Fund
New Orleans
NEWCORP Business Assistance Center
New Orleans
Red River Valley BIDCO, Inc.
Shreveport
Southern Mutual Financial Services, Inc.
New Iberia
Stonehenge Community Development, LLC
Baton Rouge
Whitney New Markets Fund, LLC
New Orleans
Featured Government Grant Resources
Small Business Administration's Loan Guarantees Program
The Small Business Administration has established the Loan Guarantees Program wherein they aim to be able to provide guaranteed loans to small business establishments which are not capable of acquiring financing from a private credit marketplace but greatly manifests the ability to repay funds in a timely manner.
Common Bean Productivity Research for Global Food Security Competitive Grants Program
In keeping with this mission, the National Institute of Food and Agriculture has recently established the Common Bean Productivity Research for Global Food Security Competitive Grants Program in an attempt to develop approaches and methods that can efficiently address the various challenges facing common bean (Phaseolus vulgaris) production among small holder producers in food insecure countries.
Social Entrepreneurship
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MVYouth, a newly formed Vineyard philanthropy group with a mission to support Island youth, will pledge $4 million over the next four years to a diverse set of youth causes.
