Learn More about CDFI's and Small Business Resources in 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:
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.
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.
Charlottesville, Virginia resident and sole family breadwinner, Elizabeth James, have always dreamed of opening a tomato sauce manufacturing company. Elizabeth sought help through Kiva City Richmond, an initiative by Kiva.org and Capital One that makes crowdfunded loans available to entrepreneurs in the area who want to start or expand their business.