Opportunity finance news, stories, and voices

/ July 12, 2018 / Newswire

“The entire team at MCEFCU has been working hard to achieve this designation over the past few months,” Jim Norris, CEO of Montgomery County Employees Federal Credit Union in a statement announcing th

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/ July 10, 2018 / Newswire

The Community Development Financial Institutions Fund (CDFI Fund) is issuing a call for well-qualified personnel to serve as application Reviewers for the 2018 application round of the New Markets Tax Credit Program (NMTC Program). 

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Seth Julyan / July 3, 2018 / Events

In 2018, candidates for OFN’s Board will run for five seats, and nominations are now open.

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Donna Fabiani / July 2, 2018 / Events

On June 26th and 27th OFN hosted the 7th annual Small Business Finance Forum, bringing together 108 CDFIs, 18 investors, 6 government agencies and 25 consulting agencies.

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Connie Smith / July 2, 2018 / Voices

In  2015, Wells Fargo launched the Diverse Community Capital (DCC) program in response to issues identified in a Gallup Survey commissioned to gain deeper insight into the attitudes, needs, and motivations of diverse small business owners. The national survey’s findings revealed that diverse small businesses were challenged to access the credit needed to launch or grow their business. This is just one of the findings that prompted our $75 million commitment to support CDFIs serving diverse small businesses. Since the program launched, more than 180 organizations have submitted an Interest Form describing the access to capital gaps in their target markets and their strategies to address those gaps. 

 

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