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Richmond Economic Development Corporation
Richmond VACDFI Awards for Richmond Economic Development Corporation
FA (2006) - $585,000
Richmond Economic Development Corporation (REDC) is a certified CDFI established in 1995. REDC provides loans and technical assistance to help the formation and expansion of small businesses in low-income and investment-stagnant areas in the City of Richmond. REDC will use its 2006 Financial Assistance Award of $585,000 to re-capitalize the loan pool for its Business Enterprise Zone Loan (BEZL) product. This product provides financing to small businesses for the purpose of acquiring and renovating qualifying properties in enterprise zones.
FA (2004) - $700,000
Richmond Economic Development Corporation (REDC) will use the award to support its business loan activities.
CORE (2001) - $450,000
The CDFI Fund"s grant of $200,000 and loan of $250,000 will enable REDC to increase its lending in these underserved areas.
Other Community Development Financial Institutions in Virginia
123 New Market Investors, LLC
Great Falls
Business Seed Capital, Inc.
Roanoke
ECDC Enterprise Development Group
Arlington
Hampton Roads Ventures, LLC
Norfolk
Lynchburg Community Loan Fund
Lynchburg
Minerva Seed Fund
Fairfax City
NCB Capital Impact
Arlington
New Enterprises Fund, Inc.
Christiansburg
Piedmont Housing Alliance
Charlottesville
Southside Development Enterprises, LLC
Portsmouth
Featured Government Grant Resources
Program for Investment in Micro-Entrepreneurs Technical Assistance
The Program for Investment in Micro-Entrepreneurs Technical Assistance Program is designed to decrease the number of disadvantaged micro-entrepreneurs by helping them enhance their management capabilities, by way of providing them with technical assistance and training in the areas concerning activities that are associated with starting, expanding and growing their businesses.
Community Development Credit Unions
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.
Social Entrepreneurship
Spotlight
Why People Buy from Social Enterprises?
The Guardian has compiled a list of responses to its latest open thread, and has announced the winner of the social enterprise gift hamper packed with presents.
