Learn More about CDFI's and Small Business Resources in Virginia 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:
123 New Market Investors, LLC
Business Seed Capital, Inc.
ECDC Enterprise Development Group
Hampton Roads Ventures, LLC
Lynchburg Community Loan Fund
Minerva Seed Fund
NCB Capital Impact
New Enterprises Fund, Inc.
Piedmont Housing Alliance
Southside Development Enterprises, LLC
The Small Business Administration has constituted the Secondary Market Lending Authority program, one which aims to provide liquidity for the secondary market, thereby ultimately encouraging new lending opportunities from banks of Small Business Administration guaranteed loans.
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.
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.