Federal grants to Southeast Kentucky Economic Development
Southeast Kentucky Economic Development in Somerset, Kentucky received $6.2 million in federal grants from fiscal 2021 to 2025, across 11 awards. Its largest program was Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP), with $1.9 million. In fiscal 2025 it was awarded $343,372.
From USAspending.gov award records, updated November 7, 2026.
- Grants, FY 2021 to 2025$6.2 million
- Awards11
- Awarded in FY 2025$343,372
- Largest award$1.9 million
By year
| Fiscal year | Awards | Amount |
|---|---|---|
| FY 2021 | 2 | $2.2 million |
| FY 2022 | 4 | $1.1 million |
| FY 2023 | 2 | $2.2 million |
| FY 2024 | 1 | $326,250 |
| FY 2025 | 2 | $343,372 |
Programs that fund Southeast Kentucky Economic Development
| Program | Awards | Amount |
|---|---|---|
| Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) | 1 | $1.9 million |
| Community Development Financial Institutions Rapid Response Program (CDFI RRP) | 1 | $1.8 million |
| Microloan Program | 5 | $1.6 million |
| Appalachian Area Development | 1 | $394,483 |
| Community Development Financial Institutions Program | 1 | $250,000 |
| Rural Business Development Grant | 2 | $200,000 |
Awarding agencies
| Agency | Awards | Amount |
|---|---|---|
| Department of the Treasury | 3 | $4.0 million |
| Small Business Administration | 5 | $1.6 million |
| Appalachian Regional Commission | 1 | $394,483 |
| Department of Agriculture | 2 | $200,000 |
Largest awards
| Award | Program | First action | Amount |
|---|---|---|---|
| Purpose: to provide grants to community development financial institutions (CDFIS) for the following purposes 1) to expand lending, grant making and investment activities in low or moderate income communities and to borrowers that have historically experienced significant unmet capital and financial | Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP) | April 10, 2023 | $1.9 million |
| Cdfi rapid response program award | Community Development Financial Institutions Rapid Response Program (CDFI RRP) | June 15, 2021 | $1.8 million |
| Business technical assistance | Appalachian Area Development | June 8, 2022 | $394,483 |
| The small business administration (SBA) microloan program provides direct loans and grants to eligible non-profit microlenders so that they may provide micro-level loans, and business based training and technical assistance to start- up, newly established and growing small business concerns. | Microloan Program | June 27, 2023 | $339,470 |
| Southeast Kentucky economic dev corp, ky the small business administration (SBA) microloan program provides direct loans and grants to eligible non-profit microlenders so that they may provide micro-level loans, and business based training and technical assistance to start- up, newly established and | Microloan Program | September 13, 2021 | $328,354 |
| Training and technical assistance to sba microloan borrowers and prospective borrowers. | Microloan Program | June 27, 2022 | $327,691 |
| Southeast Kentucky econ dev corp - ky | Microloan Program | July 1, 2024 | $326,250 |
| Purpose: to promote economic revitalization and community development through investment in and financial assistance to community development financial institutions (CDFIS). Planned activities: financial assistance must be used for financial products, financial services (regulated institutions only) | Community Development Financial Institutions Program | December 8, 2021 | $250,000 |
| Southeast Kentucky economic dev corp, inc. - ky | Microloan Program | September 19, 2025 | $243,372 |
| Rbdg rural business coop rural enterprise grant | Rural Business Development Grant | September 29, 2025 | $100,000 |
Questions people ask
How much federal grant money does Southeast Kentucky Economic Development get?
$6.2 million in 11 grant awards from fiscal 2021 to 2025, as obligations reported to USAspending.gov.
Which agency gives Southeast Kentucky Economic Development the most?
The Department of the Treasury, with $4.0 million in 3 awards. The Small Business Administration and the Appalachian Regional Commission follow.
What is Southeast Kentucky Economic Development's largest federal grant?
$1.9 million under Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP), with its first action in the period on April 10, 2023. That counts only the money obligated in fiscal 2021 to 2025.
Which federal programs fund Southeast Kentucky Economic Development?
Its largest are Community Development Financial Institutions Fund Equitable Recovery Program (CDFI ERP), Community Development Financial Institutions Rapid Response Program (CDFI RRP) and Microloan Program.
Other grant recipients in Somerset
- The Center for Rural Development, Inc
- Kentucky Community and Technical College System
- Somerset City
- Eastern Kentucky Pride Inc
- Unlawful Narcotics Investigations, Treatment and Education, Inc.
- Somerset Pulaski County Airport Board
- City of Somerset
- 150 London KY LLC
Largest federal grant recipients in Kentucky · Federal grants in Kentucky