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South Hartford Initiative
Hartford CTCDFI Awards for South Hartford Initiative
FA (2007) - $320,605
Hartford Community Loan Fund is a certified CDFI established in 1997 as the South Hartford Initiative. It provides small business and affordable housing financial services to a low-income target population in Hartford, Connecticut. Hartford Community Loan Fund will use its FY07 FA award to help expand its small business loan participation program citywide. It will use its TA award to: 1) attend capacity building workshops; 2) obtain consulting services to market its program citywide; and 3) purchase computers and related technology.
TA (2004) - $41,500
South Hartford Initiative will use the aware to provide funding for a market analysis and strategic planning for future expansion, a capitalization plan, planning for cash management and technology, staff training and technology improvements.
SECA (2002) - $35,100
The Fund"s technical assistance grant will be used to develop a bilingual website, purchase portfolio management software, train staff and develop and publish a marketing brochure.
Other Community Development Financial Institutions in Connecticut
Bridgeport Neighborhood Fund, Inc.
Bridgeport
Cooperative Fund of New England
Hartford
Family Assets, LLC
Bridgeport
New Haven HomeOwnership Center, Inc.
New Haven
South Hartford Initiative
Hartford
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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.
Historically Underutilized Business Zones - HUBZone Empowerment Contracting Program
The Small Business Administration has established the Historically Underutilized Business Zones (HUBZone) Empowerment Contracting Program wherein they aim to provide federal contracting assistance to eligible small business corporations which are located in underutilized business zones so as to improve their employment opportunities, investments, and their area's economic development.
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