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MetroAction Inc.
222 Mulberry StreetScranton PA, 18503
CDFI Awards for MetroAction Inc.
TA (2009) - $100,000
MetroAction is a non-profit certified CDFI in operation since 1977. It provides access to affordable credit for under-served populations in the Scranton PA area. It is the only CDFI in the target market that provides financing to "non-bankable" small businesses. MetroAction will use its Technical Assistance grant for: 1) personnel salaries and fringe benefits; 2) staff training and related travel; 3) professional services; and 4) membership fees.
TA (2007) - $52,535
MetroAction, Inc. is a certified CDFI formed in 1977 to meet the small business lending needs for entrepreneurs unable to secure traditional financing. It is the business development arm of the Greater Scranton Chamber of Commerce in Pennsylvania. MetroAction serves a predominantly rural Target Market made up of eight counties in northeastern Pennsylvania. Products and services provided to start-up and small businesses include a microloan program, a childcare loan and micro-grant program, the Core-Four Entrepreneur training program, and a mentor match program. The TA award will be used as follows: 1) hiring a consultant to conduct an updated market analysis and developing a marketing strategy from that analysis; 2) staff training; 3) launching a new E-newsletter; 4) production of new marketing materials; 5) updating website including creation of online loan application; and 5) purchase of a new computer and an LCD projector.
SECA (2002) - $173,000
The Fund"s award will be used to capitalize its loan fund, acquire staff training and develop a strategic plan.
SECA (1999) - $37,400
The 1999 TA award will be used to upgrade technology design new marketing material conduct a program evaluation and to train staff.
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