Government Grants
Business Grants
Home Owner Programs
Federal Programs
About Us
Richmond Economic Development Corporation
Richmond VACDFI Awards for Richmond Economic Development Corporation
FA (2006) - $585,000
Richmond Economic Development Corporation (REDC) is a certified CDFI established in 1995. REDC provides loans and technical assistance to help the formation and expansion of small businesses in low-income and investment-stagnant areas in the City of Richmond. REDC will use its 2006 Financial Assistance Award of $585,000 to re-capitalize the loan pool for its Business Enterprise Zone Loan (BEZL) product. This product provides financing to small businesses for the purpose of acquiring and renovating qualifying properties in enterprise zones.
FA (2004) - $700,000
Richmond Economic Development Corporation (REDC) will use the award to support its business loan activities.
CORE (2001) - $450,000
The CDFI Fund"s grant of $200,000 and loan of $250,000 will enable REDC to increase its lending in these underserved areas.
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
Minority Business Enterprise Centers for Minority-Owned Businesses
The The Minority Business Development Agency has recently constituted the Minority Business Enterprise Centers (MBEC) Program wherein it aims to support minority-owned businesses by providing them with electronic and one-on-one business development services for a reasonably nominal fee.
Community Development Credit Unions
A Community Development Credit Union, more commonly known as a CDCU, is a credit financial institution which owned and controlled by its members in an effort to sustain the ability of being able to provide a wide array of financial services.
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.
