November 5, 2014
WASHINGTON – Latino Economic Development Center (LEDC) has received a $75,000 grant from NALCAB—National Association for Latino Community Asset Builders. This grant will support LEDC expand their revolving loan fund and general operation expenses. The additional capital will yield significant new opportunities for wealth building among low-income people, greater job creation and retention, and improved self-sufficiency and sustainability for LEDC clients in the DC region.
According to Marla Bilonick, Executive Director, “The NALCAB award will allow us to continue our mission of equipping Latinos and other DC-area residents with the skills and financial tools to create a better future for their families and communities. Our small business experts work hand in hand with local entrepreneurs to help them start, fund and execute their business ideas. Our small business team provides technical assistance to existing businesses that need our support. This grant allows us to service more clients and to successfully continue this work.”
With the generous support of the Sam’s Club Giving Program, NALCAB awarded $1.1 million to 24 small business projects across 17 states that are managed by community and economic development nonprofit organizations. View a complete list of the grantees and their program descriptions at www.nalcab.org/Grantees2014
Working families deserve to live in affordable homes and own successful small businesses – but too many are unable to turn these dreams into a reality. The Latino Economic Development Center (LEDC) equips Latinos and other DC-area residents with the skills and financial tools to create a better future for their families and communities. Participants in our programs learn how to buy and stay in their homes, take control of the decisions affecting their apartment buildings, and start or expand small businesses. For more information, please visit http://www.ledcmetro.org.
About the Sam’s Club Giving Program
Established by the Walmart Foundation in 2008, the Sam’s Club Giving Program is dedicated to micro- and small business prosperity, investing more than $11 million in national and local programs dedicated to improved training, education and increased access to capital for small business owners. For more information on national or local giving, visit SamsClub.com/giving
NALCAB-The National Association for Latino Community Asset Builders is a San Antonio based organization that represents and serves over 100 members that are a geographically and ethnically diverse group of nonprofit community and economic development organizations that are anchor institutions in our nation’s Latino communities. NALCAB’s mission is to build financial and human assets as well as real estate and technology resources for Latino families, communities, and organizations. For additional information, visit NALCAB’s pressroom or go to http://www.nalcab.org