Woodstock President Dory Rand introduced the honorees who were recognized for their work to expand access to small business capital. They are OFN, Chicago Neighborhood Initiatives (CNI), and Richard Cordray.
Late last month Reinvestment Fund announced a new place-based impact investment opportunity targeted to the greater Philadelphia region. The fund—PhilaImpact Fund—is believed to be a first-of-its-kind collaboration between a community foundation, The Philadelphia Foundation, and a Community Development Financial Institution, Reinvestment Fund.
According to the Lenders Coalition for Community Health Centers (LCCHC), nearly 62 million Americans do not have a regular source of primary health care—which means that instead of seeking
The power and promise of Latino entrepreneurs and small businesses in low- to moderate-income, or LMI, communities are undeniable. Study after study shows their immense size and potential. Just consider this stat: There are more than 4 million Latino-owned businesses in the U.S., and together they generate $660 billion in revenues. However, another study points out that this subset is growing at a slower pace compared to their non-Latino counterparts, resulting in a $1.3 trillion revenue gap.
By leveraging the combined strengths of each partner, we are able to achieve a level of impact that could not be accomplished independently. We believe that by working together, we can set new standards for small business owners in underserved communities who face barriers in accessing capital. By identifying key service areas we have achieved partnerships that help us work toward mutual goals.