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General Purposes

National Fund for Enterprise Development

  • Program Education
  • Program Area Special Initiatives
  • Grant Amount $175,000
  • Grant Period April 1, 2002–March 31, 2003
  • Location Washington, DC, United States
  • Geographic Focus United States

About this grant

As the field of micro-enterprise responds to the growth in state power, two complementary strategies have emerged. The first strategy involves state micro-enterprise associations (SMAs) that are organized to improve practice and inform public policy. During the past several years, SMAs have been formed in more than 25 states. The second strategy is to form state micro-enterprise intermediaries (SMIs) that serve as financial vehicles for raising and redistributing state funding for micro-enterprise programs. SMIs generally develop in the context of a supportive SMA network and result in complementary sets of structures and procedures that are appropriate to the state.Funding will enable the National Fund for Enterprise Development (NFED) to serve as a catalyst for a new generation of state-level micro-enterprise institutions and strategies which will become vehicles for more diversified and reliable funding streams; higher practitioner performance levels; greater access to micro-enterprise services by disadvantaged micro-businesses; and greater sustainability for the micro-enterprise field. NFED’s five-year goal is to work comprehensively with 10 to 20 states or regions, where associations or coalitions have been formed, to support intermediary strategies.NFED was established in 2000 to support the development and sustainability of SMIs.