Jim Costa, the congressman representing the Fresno area, announced that $1.7 million dollars has been awarded to the Fresno Area Hispanic Foundation in order to help stimulate the local economy. Specifically the funds will help to expand a local commercial building which assists local businesses to take advantage of the Fresno enterprise zone. The US Department of Commerce was the government division that designated the funds. “Small businesses are the backbone to the City of Fresno’s local economy,” Costa said. “This funding will be a shot-in-the-arm to our enterprise zone, encouraging entrepreneurship and furthering the important work of the Fresno Area Hispanic Foundation”

From micro-loans to business advice, this expanded location will help local members of the hispanic community to develop new businesses as well as enhance pre-exisiting enterprises. Estimates currently suggest that 900 new jobs will be created by this project.

Tags: federal funding, fresno enterprise zone, funding

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