Money to Mainstreet
On October 18th, 2012, a catalyst occurred in Los Angeles, a catalyst that led to tens of millions of dollars in new small business loans. What happened that day, you might wonder. What one thing could be responsible for prompting millions of dollars of small business loans? I’ll tell you. It was an event: Access [...]
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, [...]
Getting involved with the local community is an excellent way to build brand awareness and credibility for your business. According to Small Business Resource, “Most business owners are worried about making a profit rather than making good relations with the community where their business is located.” In actuality, a business’s involvement in the community renders several benefits [...]
Access to Capital: Chicago
Navy Pier
May 22, 2013
