April 24, 2020 Stories and Data

April 24, 2020 Stories

Built to Scale: Designing a Business with Scale in Mind
St. John Manor
Catonsville CO-OP brings together food, community, and local businesses
A Grand Opening Like No Other

April 24, 2020 Fact Sheet

Testimonials

CDFIs stand in the gap for communities that have long been overlooked, offering the tools, capital, and support that empower people to lift themselves up by their bootstraps. From revitalizing main streets to helping families buy their first homes, CDFIs turn potential into progress. With timely and full support from the Treasury Department, these institutions can continue delivering measurable impact, fueling self-reliance, entrepreneurship, and generational change in America’s most underinvested communities

-Kevin FItzgerald, Opportunity Resource Fund, East Lansing, MI

CDFIs work results in invaluable benefits to communities, including jobs, housing, tax revenue, and vitality.

-Amy Szabo, Friedman Associates LLC, Iowa City, IA

The shift in business models among banks and credit unions—along with ongoing consolidation and the retreat from rural markets—has left a growing number of entrepreneurs without access to traditional financing. In response, MoFi and other CDFIs have become critical entry points for future bank customers.

-Heidi DeArment, MoFi

Map of April 24, 2020 CDFI Branches and Stories