Willmar, MN (Oct. 26, 2010)—The Willmar Area Multicultural Market (WAMM), an economic development corporation serving rural Willmar, MN, has been awarded its first federal grant of $234,422 from the Department of Health and Human Services (HHS) to support small businesses and aspiring entrepreneurs in an effort that will create permanent new full-time jobs.

“This past year alone, WAMM has worked with 7 entrepreneurs and we have seen first-hand that small business development contributes to revitalizing the economy by creating jobs in low-income communities, This award enables us the opportunity of investing in individuals who aspire the American dream. In return, WAMM hopes these individuals become socially responsible members of our community” said Roberto Valdez, Program Director at WAMM.

 A member of the National Association for Latino Community Asset Builders (NALCAB), WAMM received support from NALCAB to submit the application for this funding. NALCAB is committed to supporting projects from local community development corporations across the country that builds assets in the communities.  

“As a national organization, it is our job to ensure that organizations like WAMM have the assistance to access the funding to continue this important work for rural America,” said Noel Poyo, Executive Director at NALCAB.  

ABOUT WAMM: The Willmar Area Multicultural Market is a Community Development Corporation dedicated to revitalizing Willmar, MN by supporting and developing minority-owned businesses. For more information on WAMM, visit www.willmarmarket.com.