News President Biden Signs Bill Extending PPP to May 31 On March 30, President Biden signed the Paycheck Protection Program (PPP) Extension Act which extends the program to May 31 from the original application deadline of March… March 31, 2021
Events, News Lisa Mensah Testifies Before Senate Small Business and Entrepreneurship Committee On March 17, the U.S. Senate Committee on Small Business & Entrepreneurship held a hearing entitled “The Paycheck Protection Program: Performance, Impact,… March 19, 2021
News State Small Business Credit Initiative Funded in the American Rescue Plan On March 11, President Biden signed the $1.9 trillion American Rescue Plan into law. One significant provision of the bill for CDFIs is $10… March 18, 2021
News Biden Reforms to Paycheck Protection Program Advantage Smallest Businesses On February 22, the Biden Administration announced changes to the Paycheck Protection Program (PPP) designed to deepen the program’s ability to reach very small… February 25, 2021
News Comcast Announces $5 million Grant Program for BIPOC-owned Small Businesses Comcast has announced the next element of Comcast RISE – the Comcast RISE Investment Fund. This $5 million grant program will provide 100 individual… February 9, 2021
News Black-Led CDFIs to Help Drive More Than $40 Million in Google Funding to Black-Owned Businesses Minority-led CDFIs — like minority-owned businesses — often face an uneven playing field when it comes to accessing capital to grow their… February 9, 2021
Voices Raza Development Fund Offers Covid Relief to Latino Small Businesses with Wells Fargo Grant Latino small business owners are the fastest-growing group of entrepreneurs in the U.S. As of 2020, there are 1.1 million minority-owned small businesses, which… February 4, 2021
News Six Grow with Google Small Business Loans, Google.org Grants Announced As the COVID-19 crisis continues, CDFIs are best positioned to help small minority and women-owned businesses survive and recover from the pandemic’s economic… January 14, 2021
News Starbucks Announces $100 Million Investment in CDFIs and Other Impact-focused Financial Institutions On January 12, Starbucks announced new initiatives as part of its long-standing commitment to use its scale and platform to positively impact the communities… January 12, 2021