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Tuesday, February 23, 2010

2010 EDP Plus Grants Now Available For Businesses In The Mid-South

The Federal Home Loan Bank of Dallas (FHLB) has announced the launch of their 2010 Economic Development Program (EDP) Plus Grants. The program is giving away business grants to small business owners who operate their companies in Arkansas, Louisiana, Mississippi, New Mexico, and Texas. The grants can be up to $25,000 in funding.

The program is designed to promote and enhance small business development; to foster business relationships between member institutions, small businesses, and small business development organizations; and to create and retain jobs.

The funding is given away on a noncompetitive, first-come, first-served basis. Applicants must have a business plan, must demonstrate an acceptable level of knowledge in business operations, and must be eligible for funding as defined under SBA guidelines.

Those interested must apply through their local FHLB financial member institution.

For a list of the banks in the 5-state region that are member institutions, visit:
www.fhlb.com/member/

To see how the grants have already helped one small business, visit:
www.globenewswire.com/newsroom/news.html?d=184930
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