May 2023 Stories and Data

May 2023 Stories

Meet Allison Bell, Owner of Little Things Preschool and Daycare
CEF providing support for a challenging business model: childcare
Rebuilding Together
A family's journey through the Marshall Fire
Pennsylvania Assistive Technology Foundation Lending in PA District 1
PATF has supported 206 borrowers in Pennsylvania's 1st Congressional District, including 83 in Bucks County and 123 in Montgomery County.
CDVCA Invests in Goodwrx
Empowering Hospitality Workers with Stability, Flexibility

May 2023 Fact Sheet

Testimonials

I believe in the power of Community Development Financial Institutions (CDFIs) because I’ve seen firsthand what access to capital-real, intentional, and responsible access-can do for small businesses, nonprofits, and communities that have historically been excluded from traditional financial systems. CDFIs aren’t just lenders. They are partners in shaping our economy. They take the time to understand the unique challenges that small business owners face when trying to grow and sustain their businesses. They don’t just look at a credit score; they look at the story behind the entrepreneur, the impact on the community, and the potential that often goes unnoticed. At Growth Partners Arizona, we align with this mission because we know that financial systems should work for communities, not against them. Supporting CDFIs means investing in businesses that create jobs, strengthen local economies, and build long-term wealth in places where it’s needed most. CDFIs are doing the work that big banks won’t, and that’s exactly why I support them. Because when capital is placed in the right hands, it doesn’t just fund businesses-it fuels movements, shifts power and transforms communities.

-Andre Whittington, Growth Partners Arizona, Phoenix, AZ

CDFIs are most proximate to communities needs and provide responsible, flexible capital solutions that support new business starts, job creation / retention, financial acumen building and skills development, and delivery of critical goods and services to opportunity rich communities.

-Aisha Benson, Nonprofit Finance Fund, New York, NY

CDFIs fill an important financing gap to help meet the needs of Americans including housing development, community improvements, nonprofit and health infrastructure, and small business. The CDFI Fund is a critical investment in America’s future.

-Denese Neu, Friedman Associates, Iowa City, IA

Map of May 2023 CDFI Branches and Stories