Overview

Board

Staff

Supporters

Storytelling Map

Values in Operations

Voices of Appalachia

Finances

Appalachian Transition

Enterprise Development

Forestry

Research and Policy

How$martKY™

Energy Efficient Enterprises

Appalachian Development Alliance

Appalachian Transition Initiative

Central Appalachian Network

Kentucky Center for Economic Policy

Kentucky Solar Partnership

Kentucky Sustainable Energy Alliance

Working Poor Families Project

Voices of Appalachia

Storytelling Map

Publications

Resources for Business Owners

Tools for Landowners

Videos

News Releases

Media

Media Room

Contact Information

Social Media

Feedback

Directions to MACED

Employment Opportunities

Overview

Appalachian Carbon Partnership

Center for Forest and Wood Certification

Kentucky Forest Landowner's Handbook

Our Forests

Tools for Landowners

Overview

Publications

Policy Resources

Coal Severance Fund

Kentucky Center for Economic Policy

Overview

About How$martKY™

An Energy Audit Example

Homeowner Examples

Contractors' Corner

Customers' Frequently Asked Questions

How$martKY Newsletter

Contact

Start Here

Utility Charges Explained

Tools and Calculators

Ways to Save at Work

Energy Saving Fact Sheets

Building Contractor Capacity

Paying for Improvements

Success Stories

Energy Links

Glossary

Contact Us

About Us Programs Projects and Collaborations Resources News Contact Us Home
MACED logoMountain Association for Community Economic Development
Enterprise Development Forestry Research and Policy How$martKY™ Energy Efficient Enterprises

 

 

 

 

 

 

 

 

 

 

 

 

 

     

     

MACED is Awarded CDFI Program Funds

 

On August 25, 2006 MACED was awarded funds from the U.S. Treasury Department’s Community Development Financial Institution (CDFI) Program.

 

MACED received a financial assistance award of $577,500 to enhance delivery of services to small and micro-businesses. The funds will assist in the provision of comprehensive financial and business development services to an investment area that consists of the 51 rural Appalachian counties in eastern Kentucky.

 

A technical assistance award in the amount of $7,500 was also received. These funds will be used to conduct a market assessment in Central Appalachian to define the need for additional development finance capital, explore the investment potential in these areas for targeted lending interests and identify strategic partnerships.

 

“The board and staff of MACED are proud to have been selected to receive CDFI funding. We are eager to put these funds to use in the Appalachian communities of Kentucky,” stated Justin Maxson, MACED President.

 

Nationwide, 73 organizations that serve economically distressed communities were awarded CDFI funds. The successful proposals were chosen through a competitive review of 172 applications that totaled $149 million in requested funding under the 2006 round of the CDFI Program.

 

For more information on the CDFI Program, visit www.cdfifund.gov.