A $600,000 federal grant is headed to the Valley to expand business opportunities for low- to moderate-income entrepreneurs.
The grant to Fresno Community Development Financial Institution was awarded through the U.S. Department of Treasury's CDFI fund for lending and operations, spokeswoman Jessica Kahanek in Fresno Rep. Jim Costa's office said.
Besides lending services, Fresno CDFI will use the funds for business development services including technical assistance and training to 130 entrepreneurs. They will also conduct 25 workshops for 250 small business owners, Kahanek said. Since 2008, Fresno CDFI has been providing financing, training, and other assistance for low- to moderate-income entrepreneurs in the Valley.