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.
This week the city of Philadelphia Department of Commerce wrote about the positive impact a resource like Venturize has on small business owners, "In the wake of the recession there has been a rise in the number of online lenders offering small business loans, many of which promise owners “quick
As part of our CDFI Spotlight series, guest blogger Matina Granieri, AVP of Marketing, FINANTA, reports on their work to open up lending opportunities for small businesses in Philadelphia.
As part of our CDFI Spotlight series, guest blogger Amanda High, Director, Chief of Strategic Initiatives for Reinvestment Fund reports on their work to achieve universal access to high-quality pre-kindergarten in Philadelphia.
Venturing away from the Public Ledger Building, the other OFN interns and I travelled across Philadelphia to witness the positive impact the CDFI industry has made in local communities by joining OFN Member PIDC on a borrower tour.