Industry News - March 26, 2019
March 26, 2019
Several CDFIs hcame together to host a conference in the Mississippi Delta focused on breaking the disconnect between policy makers, financial institutions, and rural communities of color.
Source: Nonprofit Quarterly
At only eighteen months old, this investment platform is expanding it $18 million portfolio to launch a fund that targets women-owned businesses.
Source: Impact Alpha
Clearinghouse CDFI has invested $195,800 in Class A stock in Native American Bank—the only Native American-owned, nationwide financial institution. This is the first time that a CDFI has invested in the bank.
The United States Hispanic Chamber of Commerce recently announced their endorsement of the Small Business Borrowers’ Bill of Rights.
Source: Al Día News
In 2017, the SBA’s network of Women’s Business Centers supported more than 150,000 women, resulting in an estimated $1.7 billion in revenue growth and 17,000 new jobs for the businesses they served.
Source: Times of San Diego
April 16, 2019
Industry News -
Under the new Farm Bill, farmers can receive up to $100,000 through multiple microloan programs that provide flexible access to credit for small, beginning, niche, and non-traditional farms.
April 10, 2019
Industry News -
CDFI Fund Releases Annual Report on Activities According to the report, CDFI program awardees reported more than $11 billion in lending and investment activity, which financed nearly 16,000 businesses in 2018.
April 2, 2019
Policy News -
SBA Administrator Linda McMahon has announced her resignation effective April 12th. In a statement issued on Friday, McMahon said she will be returning to the private sector.