Learn More about CDFI's and Small Business Resources in Mississippi 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:
Delta Foundation, Inc.
Delta Southern Bank
Hope Community Credit Union
MBFC CDE, Inc.
The Small Business Administration has established the Loan Guarantees Program wherein they aim to be able to provide guaranteed loans to small business establishments which are not capable of acquiring financing from a private credit marketplace but greatly manifests the ability to repay funds in a timely manner.
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.
Social Enterprise Associates (SEA), a New Mexico fellowship of consultants banded together to deliver social mission-based services, are the first, B Lab certified company in the region and have been awarded as one of the 2014 Best for the World B Corps for their long-range economic and social impact.