NewsState Small Business Credit Initiative Funded in the American Rescue PlanOn 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
NewsBiden Reforms to Paycheck Protection Program Advantage Smallest BusinessesOn 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
NewsComcast Announces $5 million Grant Program for BIPOC-owned Small BusinessesComcast 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
NewsBlack-Led CDFIs to Help Drive More Than $40 Million in Google Funding to Black-Owned BusinessesMinority-led CDFIs — like minority-owned businesses — often face an uneven playing field when it comes to accessing capital to grow their… February 9, 2021
VoicesRaza Development Fund Offers Covid Relief to Latino Small Businesses with Wells Fargo GrantLatino 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
NewsSix Grow with Google Small Business Loans, Google.org Grants AnnouncedAs 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
NewsStarbucks Announces $100 Million Investment in CDFIs and Other Impact-focused Financial InstitutionsOn 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
NewsRocky Start as SBA Re-opens Next Round of PPP LendingAs America reckons with a Titanic scale economic impact from COVID-19, we can’t afford to wait for relief for small businesses that… January 12, 2021
NewsNew EBA Fund Offers Critical Support to Six OFN Member MicrolendersIn early December, The Aspen Institute and the Microfinance Impact Collaborative announced the creation of the Entrepreneur Backed Assets (EBA) Fund, which will… December 21, 2020