Denali Chamber Economic Development Proposal - Flipbook - Page 22
Potential sources of funding for economic
development foundations include:
1. Government Grants and Contracts:
Federal, state, and local government
agencies often provide grants and contracts
to support economic development initiatives.
These grants can be targeted towards
specific projects or programs that align with
government priorities.
2. Private
Foundations
and
Nonprofit
Organizations:
Many private foundations and nonprofit
organizations focus on supporting economic
development efforts. These organizations
may offer grants or donations to fund
specific
projects
or
provide
general
operating support.
3. Corporate Donations and Sponsorships:
Companies, especially those with a strong
presence in the community, may provide
funding through donations, sponsorships, or
partnerships. They may have a vested interest
in promoting economic development in the
areas where they operate.
4. Community Development Financial Institutions
(CDFIs):
CDFIs are specialized financial institutions
that provide financing and support to
underserved communities and businesses.