Learn More about CDFI's and Small Business Resources in Louisiana 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:
ASI Federal Credit Union
Capital One Community Renewal Fund, LLC
Dryades Savings Bank, FSB
Eagle Louisiana Federal Credit Union
Enhanced Delta Community Development, LLC
Liberty Bank and Trust Company
Liberty Financial Services
National Cities Fund, LLC
New Orleans Community Development Fund
NEWCORP Business Assistance Center
Red River Valley BIDCO, Inc.
Southern Mutual Financial Services, Inc.
Stonehenge Community Development, LLC
Whitney New Markets Fund, LLC
The Small Business Investment Companies Program revolves around the notion of developing privately owned and managed investment companies which will be licenses and regulated by the Small Business Administration, so as to provide equity capital, long term loans, and advisory services to small business requiring such services.
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.