August 10, 2016 Stories and Data

Built to Scale: Designing a Business with Scale in Mind

Wheaton,
Maryland

Latino Economic Development Center

St. John Manor

Bakersfield,
California

Clearinghouse CDFI

Catonsville CO-OP brings together food, community, and local businesses

Catonsville,
Maryland

Baltimore Community Lending

A Grand Opening Like No Other

Sunnyvale,
California

Housing Trust of Silicon Valley

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Testimonials

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

As a certified CDFI and SBA lender, our organization directly serves the communities and businesses this administration is working to support. We provide capital to small manufacturers, job-creating entrepreneurs, and individuals acquiring businesses from retiring owners-the so-called “silver tsunami.” Our work helps keep vital businesses operating and people employed. CDFIs are a proven and effective mechanism for delivering capital where it is needed most. With continued federal support, we stand ready to expand our impact and remain on the front lines of economic development in underserved communities across the country.

-Bryan Doxford, Grow America Fund, New Yoirk, NY

CDFI funding to nonprofits for construction returns more money into the community through economic activity. It’s very important we keep providing this capital in Indiana.

-Donna Sink, IFF, Indianapolis, IN