Industry News – November 27, 2018
November 26, 2018
MainVest Aims to Crowdfund Main Street
With MainVest, investors don’t need deep pockets to invest local small businesses. It’s a local shark tank and it turns any American into an investor for businesses that do not have access to Wall Street or venture capital financing.
Source: The Salem News
Following Through: KeyBank Chooses East Side Buffalo Branch Location Promised in 2016
It was nearly three years ago that KeyBank officials stood with community stakeholders in a vacant East Side lot promising to help the area and build a new branch. Now, in late 2018, the bank has chosen where that branch will go.
Source: WIVB Buffalo
Fintechs May Be in the Crosshairs When the New Year Comes
Republicans aren’t the only ones bracing for change when Democrats take control of the House in January. Financial technology startups, which have been exploding in numbers, are likely to face new scrutiny.
CDFI Fund Awards $950,000 to Vantage West
Vantage West Credit Union, the largest credit union in southern Arizona, recently was awarded $950,000 from the CDFI Fund—a grant it will use to expand services to underserved people and businesses.
Source: Credit Union Times
Here’s Why Veteran Entrepreneurs Have a Harder Time Getting Financing Than Nonvets
Why are vet entrepreneurs falling behind? The Small Business Administration and the Federal Reserve Bank of New York this month, have a few theories.
Source: Military Times