JFCS Receives Grant for Microenterprise

Jewish Family & Career Services is one of 100 nonprofit organizations from 44 states and the District of Columbia that received grants under the Program for Investment in Microentrepreneurs Act (PRIME) of the U. S. Small Business Administration.

The grants will be used to provide business-based training and technical assistance to low-income and very low-income entrepreneurs to help them start, operate, or grow a small business. They will also be used to better equip community-based nonprofit organizations to provide training.

“In the midst of the economic downturn the country has been experiencing, SBA’s PRIME grants are an increasingly important tool in our toolbox to help small businesses,” said SBA Administrator Karen G. Mills. “With these grants to nonprofit organizations, more entrepreneurs will have access to the training and technical assistance they need to have their businesses grow, succeed, create jobs and promote stronger local economies.”

PRIME grants are intended to help qualified community-based organizations provide training to small businesses with five or fewer employees who are economically disadvantaged, and businesses owned by low-income individuals, including those who live on Indian reservations and tribal lands.

JFCS received $50,250 and was one of only two agencies in Kentucky to receive funding.

The grants require a 50 percent match by each recipient organization.

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