Learn More about CDFI's and Small Business Resources in Alabama see here
While the federal government does not provide grants for starting or growing small businesses, one of the mechanisms in place to promote small business growth and economic development is the Community Development Financial Institution Fund managed by the US Department of the Treasury.
Community Development Financial Institutions fall into four categories:
Cahaba Community Development, LLC
Demopolis Federal Credit Union
Hope Unity Fund Inc.
Prichard Federal Credit Union
Rural Rental Housing Fund, LLC
Stevenson Federal Credit Union
YWCA of Birmingham/YW Homes
Community Development Financial Institutions are basically financial institutions who possess the ability to provide credit and financial services to underserved industries and communities.
The Program for Investment in Micro-Entrepreneurs Technical Assistance Program is designed to decrease the number of disadvantaged micro-entrepreneurs by helping them enhance their management capabilities, by way of providing them with technical assistance and training in the areas concerning activities that are associated with starting, expanding and growing their businesses.