The Targeted Impact Fund will provide up to $15,000 in grantsSupport for Minority Business Enterprises (MBEs) and/or Women’s Business Enterprises (WBEs) to develop, grow, and/or rebuild small businesses classified as an MBE or WBE; an MBE is a business with over 50% minority ownership, and a WBE is a business with over 50% female ownership.
Fund closes: Wednesday, September 30, 2020 (final applications are due on this date)
•Grant requests can be made throughout the funding period. Grant requests will be funded on three funding dates: September 4, September 18, and October 2. To be funded on one of these dates, members must submit a Targeted Impact Fund application by 3:00 p.m. CST on the Wednesday before the funding date.
•If we are unable to process your grant request in the funding period in which your request is received, your request will be processed on a subsequent funding date.
The PDF application can be found on the COVID-19 Resource Center and emailed, by the member or associate member institution, to ReliefGrant@fhlbc.com.