Learn More about CDFI's and Small Business Resources in Massachusetts 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:
AI Wainwright LLC
BCLF Ventures II, LLC
Boston Bank of Commerce
Capital Link, Inc.
Dorchester Bay Neighborhood Loan Fund
Institute for Community Economics
Jobs for Fall River, Inc.
Local Enterprise Assistance Fund
NOAH Community Development Fund, Inc.
Nuestra Development Fund
WCHR Securities, Inc.
YouthBuild Loan Fund
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.
In keeping with this mission, the National Institute of Food and Agriculture has recently established the Common Bean Productivity Research for Global Food Security Competitive Grants Program in an attempt to develop approaches and methods that can efficiently address the various challenges facing common bean (Phaseolus vulgaris) production among small holder producers in food insecure countries.