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$8K Grant Helps Louisiana Nonprofit with Capacity-Building and Administrative CostsAn $8,000 Partnership Grant Program (PGP (News - Alert)) award will help offset capacity-building and administrative costs for NOVA Workforce Institute of Northeast Louisiana, a job intermediary that provides education and training for employers and residents in Northeast Louisiana. Progressive Bank, Origin Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) will announce the funds at a check presentation at 2:30 p.m. on Thursday, November 16 at the NOVA office in the Monroe Chamber of Commerce in Monroe, Louisiana. The media is encouraged to attend. PGP awards provide grants to community-based organizations (CBOs) of up to $12,000. The funds may be used for research, organizational capacity-building, grant- and funding-application assistance, or contractual services. Through the PGP, FHLB Dallas matches a member's contribution to a CBO of $500 up to $4,000 at a 3:1 ratio for a maximum $12,000 contribution from FHLB Dallas. The grants are offered via a lottery system once a year through FHLB Dallas members. In 2017, FHLB Dallas awarded $300,000 in PGP funds through 31 member institutions to assist 30 CBOs. Combined with the $104,550 contributed by FHLB Dallas members, a total of $404,550 was awarded to the organizations. For more information, visit fhlb.com.
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