Community Development Financial Institutions Fund: What You Need to Know

Money

Community Development Financial Institutions (CDFIs) are companies, certified by the US Department of Treasury, that offer access to capital to economically distressed communities.  The US Department of Treasury explains, “Through monetary awards and allocation of tax credits, the CDFI Fund helps promote access to capital and local economic growth in urban and rural low-income communities across the nation.”  These companies may be banks, credit unions, [...]

Non-Profits Need Access to Capital to Create Jobs Too

Habitat For Humanity volunteering

The non-profit sector has already created millions of jobs and has potential to add many more.   A study conducted by Lester M. Salamon, S. Wojciech Sokolowski, and Stephanie L. Geller of Johns Hopkins University, showed that in 2010 the non-profit sector had a total of 10.7 million paid workers [*.pdf] coming close to other industries, such as manufacturing at 11.5 million workers. [...]

Understanding The Basics of The JOBS Act

crowdfunding

Yesterday, President Obama signed the JOBS ACT (Jumpstart Our Business Startups Act) into law.  According to President Obama at the signing, “New businesses account for almost every new job created in America.  That’s why I pushed for this bill.” Ever since this bill was introduced, there have been opinions flying every which way.  Since most [...]