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The U.S. Economic Development Administration (EDA) is an agency in the United States Department of Commerce that provides grants and technical assistance to economically distressed communities in order to generate new employment, help retain existing jobs and stimulate industrial and commercial growth through a variety of investment programs ...
A Revolving Loan Fund (RLF) is a source of money from which loans are made for multiple small business development projects. Revolving loan funds share many characteristics with microcredit, micro-enterprise, and village banking, namely providing loans to persons or groups of people that do not qualify for traditional financial services or are otherwise viewed as being high risk. [1]
The Providence Revolving Fund is one of the largest local revolving funds in the US. Another example would be a revolving fund established to provide support for programs that require a long-term commitment for planning well ahead of the non-profit's fund-raising cycle. By accessing money in the revolving fund, the non-profit can commit to the ...
(The Center Square) – Two Wisconsin businesses have obtained a total of more than $375,000 in rural development grants from the U.S. Department of Agriculture to fund water loans and a company ...
Diagram explaining the use of state revolving funds. A state revolving fund (SRF) is a fund administered by a U.S. state for the purpose of providing low-interest loans for investments in water and sanitation infrastructure (e.g., sewage treatment, stormwater management facilities, drinking water treatment), as well as for the implementation of nonpoint source pollution control and estuary ...
Public–private partnerships have been defined as long-term relationships between fundamentally different sectors that are focused on the development of infrastructure required for rendering of services and a more effective rendering of public services, seeking to ensure social economic development at national, regional and local levels. [10]
SRF programs may issue debt guaranteed by SRF funds. The revenue generated is used to provide assistance to borrowers for eligible projects. This greatly expands the capacity of a program in the near-term. Provide loan guarantees. Similar revolving funds established by municipalities or inter-municipal agencies can receive loan guarantees. [7]
CDFIs are certified by the Community Development Financial Institutions Fund (CDFI Fund) at the U.S. Department of the Treasury, which provides funds to CDFIs through a variety of programs. The CDFI Fund and the legal concept of CDFIs were established by the Riegle Community Development and Regulatory Improvement Act of 1994.