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New Enterprises Fund, Inc.
Christiansburg VACDFI Awards for New Enterprises Fund, Inc.
NMTC (2008) - $15,000,000
Virginia Community Capital, Inc. (VCC), a non-profit CDFI, will utilize its NMTC allocation to increase access to health care services in Medically Underserved Areas in rural Virginia. VCC"s program will provide deeply subsidized financing to community health centers and other medical organizations to acquire, build and/or rehabilitate primary care health clinics. VCC will be working in partnership with the Virgina Health Care Foundation and the Virginia Community Healthcare Association to help create or expand desperately needed health and dental services to uninsured or under-insured individuals with no other access to health care.
SECA (2002) - $109,680
The technical assistance award will be used for the development of a larger loan product, technology, and staff training.
Other Community Development Financial Institutions in Virginia
123 New Market Investors, LLC
Great Falls
Business Seed Capital, Inc.
Roanoke
ECDC Enterprise Development Group
Arlington
Hampton Roads Ventures, LLC
Norfolk
Lynchburg Community Loan Fund
Lynchburg
Minerva Seed Fund
Fairfax City
NCB Capital Impact
Arlington
New Enterprises Fund, Inc.
Christiansburg
Piedmont Housing Alliance
Charlottesville
Southside Development Enterprises, LLC
Portsmouth
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.
Community Development Financial Institutions
Community Development Financial Institutions are basically financial institutions who possess the ability to provide credit and financial services to underserved industries and communities.
Social Entrepreneurship
Spotlight
Building a Million Dollar Company Where Everyone Counts
Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.
