Community Development Financial Institutions

by: Iola Bonggay

The United States Department of Treasury is an executive department as well as the official treasury of the United States federal government. The work of the treasury generally involves the process of ensuring and safeguarding the country's economic and financial systems.

The programs and initiatives of the treasury are greatly influenced by its general agency mission which is to create and sustain a strong economy and generate various economic and job opportunities by way of encouraging the conditions that foster and highlight economic growth and stability, both inside and the country and overseas, strengthening national security by eliminating and appropriately responding to threats, and ultimately, protecting the integrity of the country's financial system while simultaneously managing the government's finances and resources.

One of the prominent programs of the Department of Treasury is the Community Development Financial Institutions Fund, otherwise known as CDFI Fund.

Community Development Financial Institutions are basically financial institutions who possess the ability to provide credit and financial services to underserved industries and communities.

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Community Development Financial Institutions
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About The Author Iola Bonggay is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. She also maintains Websites providing resources on artist grants and children grants.

Additional Resources

category - Small Business Grants

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.

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Small Business Innovation Research Phase IIB Bridge Awards
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.

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Community Development Financial Institutions
Community Development Financial Institutions are basically financial institutions who possess the ability to provide credit and financial services to underserved industries and communities.

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Small Business Administration's Recovery Capital Loans
The Recovery Capital Loans Program provides financial assistance to small business with less than 500 employees to obtain a deferred payment loan from the agency, in order to meet existing debt payments, thereby giving the business the opportunity to refocus their business strategy.

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