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| Small Business Administration (SBA) Award |
For the citizens of Hampton Roads, the Middle Peninsula, the Eastern Shore, VA and the city of Franklin CCDI’s Cottage Industry program acts as a catalyst for low income persons, women and minorities, to realize their dream of small business ownership. This program is designed to nurture and implement neighborhood capitalism. The programs mission is:
"To be a catalyst in the establishment or expansion of very small business ventures in CCDI’s service areas, in Virginia, through the dispensation of inspiration, training and/or financing."
The Cottage Industry Program of the Center for Community Development, Inc. (CCDI) is known on the national and state level as "Microenterprise".
Qualified individuals must be able to provide the following:
- A well researched, workable business plan for your particular type of business
- Management experience and industry experience
- Personal credit history (derogatory credit must be addressed)
- Ability to repay the loan
The Cottage Industry Advisory Board, comprised of community business leaders will review all loan requests. This is not a grant program. All funds distributed are loaned and must be paid back with interest.
Cottage Industry Resources:
