Industry News – August 12, 2020

Opinion: Dismantling Structural Racism in Community Development Finance “Community Development Entities (CDEs) owned or led by Black, Indigenous, and other People of Color (BIPOC) have consistently fared worse in the fierce competition for access to the credits.” Read...

Industry News – August 6, 2020

U.S. Chamber of Commerce Warns of Racial Inequality for Small Businesses A new survey from the U.S. Chamber of Commerce and MetLife provided to Axios shows a 17-point increase in the number of small business owners who say entrepreneurs of color face more challenges...

Industry News – July 29, 2020

Bipartisan Duo Tries to Create Opening for Broader Small Business Coronavirus-Relief Program Senators Todd Young (R-IN), and Michael Bennet (D-CO), have teamed up to propose small businesses aid that takes a more targeted approach under consideration. Source: CNN...

Industry News – July 22, 2020

U.S. Department of Treasury Wants Credit Union to Repay $12 Million in CDFI Program Funds. The federal government wants OnPath Federal Credit Union to pay back more than $12 million it received from the Community Development Financial Institutions program that...

Industry News – July 15, 2020

Wells Fargo Launches $400 Million Small Business Recovery Effort Through Wells Fargo’s new Open for Business Fund, the company will engage nonprofit organizations to provide capital, technical support, and long-term resiliency programs to small businesses with an...

Industry News – July 8, 2020

U.S. Democratic Senators Introduce the Minority Business Resiliency Act The bill would make the Minority Business Development Agency (MBDA)  permanent and expand the reach of the agency by creating regional MBDA offices, strengthening its grant making capacity, and...