$245,000 Set Aside for Self-Employment Agencies

THE JOURNAL RECORD, November 21, 1997 | Go to article overview

$245,000 Set Aside for Self-Employment Agencies


OKLAHOMA CITY (JR) -- A total of $245,000 in funding has been approved for 13 community action agencies to support self- employment loan activities.

The grants were announced by Gov. Frank Keating and Leo Presley, executive director of the Department of Commerce.

The awards were distributed through a community services block grant for the Self-Employment Entrepreneurial Development System, also known as Seeks, program administered by the department. The 13 community action agencies, along with the seven existing participants, will provide Seeds program services statewide. Four new Seeds participants, or "parents," will receive $50,000 each for program loans. Seeds parents are community action agencies that have a Seeds coordinator in-house to provide administration of the program, recruitment of applicants and program training. The following agencies received awards: * Action Inc., Shawnee. * Big Five Community Services, Durant. * Great Plains Improvement Foundation, Lawton. * Opportunities Inc., Watonga. Nine Seeds "Sprouts" will receive $5,000 each for capitalization of revolving loan funds. Seeds sprouts are community action agencies that have a revolving loan fund and an agreement with an existing Seeds parent to have their coordinator provide recruitment of applicants and program training in their areas. These grants included: * Cookson Hills Community Action Foundation, Tahlequah. * Deep Fork Community Action Foundation, Okmulgee.

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$245,000 Set Aside for Self-Employment Agencies
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