Uncategorized Stories and Data

Uncategorized Stories

BEARS, BOATS, AND BUSINESS DREAMS
Native CDFIs Fuel Small Business Success Across Indian Country
Native CDFIs Fuel Small Business Success Across Indian Country
Native CDFIs Fuel Small Business Success Across Indian Country

Uncategorized Fact Sheet

CDFIs drive economic mobility in a way that positively transforms communities in many ways. It’s relevant for folks with a business/economy-first mentality to know: CDFIs create small businesses, develop financially stable households, and increase low-come families’ spending power. These are metrics that are meaningful to people of all political views. Investing in the CDFI Fund pays dividends to the broader economy. This is not a politically divisive line item in the budget. Fund the CDFI Fund!

-Kit Fordham, Mni Sota Fund, Minneapolis, MN

CDFI funds play a crucial role in supporting small businesses and individuals aspiring to become homeowners throughout South Dakota. These funds provide much-needed financial resources to communities, offering opportunities for growth and stability where traditional financial institutions may not reach. By supporting small businesses, CDFI funds foster economic development and job creation, helping to strengthen local economies. Additionally, they enable homebuyers to achieve their dreams of homeownership, promoting long-term community stability and wealth-building. Without the critical assistance from CDFI funds, many entrepreneurs and potential homeowners in South Dakota would face significant barriers to success.

-Marcia Erickson, GROW South Dakota, Sisseton, SD

CDFIs drive local economic growth by financing small businesses, creating jobs, and expanding affordable housing. They support rural and tribal communities, fund critical services like childcare and health clinics, and have invested $298 billion in underserved areas since 2010.

-Yasmin Badri, MicroCare Community Development Solutions, Tucson, AZ

Map of Uncategorized CDFI Branches and Stories