Pennsylvania Community Development Bank Program (PCD Bank)

This program provides funding to certified community development financial institutions to strengthen their operations and expand services for small businesses and underserved communities in Pennsylvania.

$2,000,000

Closed

Rolling Deadline

Grant Description

The Pennsylvania Community Development Bank (PCD Bank) offers Capacity Building Grants to federally certified Community Development Financial Institutions (CDFIs). These grants aim to enhance the organizational capacity of CDFIs, allowing them to expand their operations, reach new markets, and provide improved services, ultimately resulting in increased lending activities. Two types of grants are available: Expansion Grants and Development Services Grants. Expansion Grants support state-accredited CDFIs in developing new programs and expanding geographic coverage or services. Development Services Grants help CDFIs increase their outreach and provide technical assistance, training, and other support to small businesses and potential borrowers.

Funding Details

Award Range

Not specified - $2,000,000

Total Program Funding

Not specified

Number of Awards

Not specified

Matching Requirement

Eligibility

Eligible Applicants

Small businesses

For profit organizations other than small businesses

Geographic Eligibility

All

Key Dates

Application Opens

Not specified

Application Closes

Not specified

Contact Information

Grantor

Pennsylvania Department of Community and Economic Development

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