Spokane Neighborhood Economic Development Alliance

Spokane WA


Spokane Neighborhood Economic Development Alliance (SNEDA) is a start-up CDFI that was certified in November 2002 and provides financial and technical assistance to small businesses in the City of Spokane, WA. Its Target Market encompasses 23 census tracts within the City of Spokane, with 13 of the 23 census tracts qualifying as Hot Zones for both economic development and housing.

CDFI Awards for Spokane Neighborhood Economic Development Alliance


FA (2005) - $300,000

SNED will use its financial assistance award of $300,000 to inject equity and debt into its capital structure to leverage debt for its lending activities. It will also use a portion of its award for operational support to hire a full-time loan/business development officer.



TA (2003) - $50,000

SNEDA received a Technical Assistance grant in the amount of $50,000 so that its loan fund can obtain consulting services to develop a capitalization strategy, market survey and marketing plan; staff salary for the operating costs associated with staff who will develop policies and procedures and portfolio management systems; and to purchase computer technology.



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