Learn More about CDFI's and Small Business Resources in Virginia 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:
123 New Market Investors, LLC
Business Seed Capital, Inc.
ECDC Enterprise Development Group
Hampton Roads Ventures, LLC
Lynchburg Community Loan Fund
Minerva Seed Fund
NCB Capital Impact
New Enterprises Fund, Inc.
Piedmont Housing Alliance
Southside Development Enterprises, LLC
Community Development Financial Institutions are basically financial institutions who possess the ability to provide credit and financial services to underserved industries and communities.
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.