Unlock Capital for Delta Businesses & Nonprofits!
Posted: September 4, 2014
This grant closed on Nov 03, 2014. We have found similar active grants for you below.
Summary
Nonprofits and Federally Recognized Indian tribes in the Lower Mississippi Delta can now access funds to boost business lending and economic development. This initiative aims to increase capital access and support local financial institutions in underserved areas.
Eligibility
Full Description
Purpose of the Program: The purpose of the Delta Community Capital Initiative (DCCI) is to support local rural nonprofits and Federally Recognized Indian tribes serving the Lower Mississippi Delta for lending and investing activities in businesses lending and economic development, and for securing additional sources of public and private capital for these activities. DCCI’s goal is to increase access to capital for business lending and development in the chronically underserved and undercapitalized Lower Mississippi Delta Region. Specifically, it will provide direct investment and technical assistance to community development lending and investing institutions so that funding opportunities will be more effective and economic development services will expand to the underserved residents of Lower Mississippi Delta Region. DCCI will focus on helping local financial institutions improve their capacity to raise capital, and to lend and invest in local communities.
Strengthening local community development lenders and investors will also widen the channels through which larger private institutions and federal agencies can reach small business owners and entrepreneurs who need their support.