Learn More about CDFI's and Small Business Resources in North Carolina 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:
CAHEC New Markets, LLC
Chatham-Lee Credit Union
College Heights Credit Union
Lumbee Tribe of North Carolina
MAY Coalition, Inc.
Metropolitan Community Credit Union
School Workers Federal Credit Union
Self-Help Credit Union
Self-Help Ventures Fund
South East Community Credit Union
St. Luke Credit Union
Tri County Credit Union
Victory- Masonic Mutual Credit Union
In line with this mission, the NIH has recently constituted the Small Business Innovation Research Phase IIB Bridge Awards to Accelerate the Development of Cancer Therapeutics, Imaging Technologies, Interventional Devices, Diagnostics, and Prognostics Toward Commercialization 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.