October 11, 2024 Stories and Data

October 11, 2024 Stories

HealthWorks
Marshall White Center
Rivertree Academy
TreisD

October 11, 2024 Fact Sheet

CDFIs have a demonstrated track record of success: they often leverage every federal dollar to attract up to 12 times that amount in private investment, reaching borrowers that traditional banks overlook. Whether it’s a veteran-owned business in Montana, a farm in the Central Valley, or a childcare provider in the South Bronx, CDFIs meet communities where they are, providing not only loans but financial education, technical assistance, and long-term support. This is not a partisan issue. Nearly every congressional district in America benefits from the work of CDFIs, with 92% of House districts having at least one CDFI. CDFIs are an engine of local resilience-supporting job creation, small business formation, and upward mobility.

-Heidi Pickman, CAMEO Network – California Association for Micro Enterprise Opportunity, San Francisco, CA

As a Native CDFI, funding from the CDFI Fund provides Native communities with access to capital that would otherwise be unavailable. Due to the complexities of tribal lands, traditional banks do not offer the same financial opportunities. Native CDFIs, supported by the CDFI Fund, are bridging this gap by providing equitable access to capital in ways that were previously unheard of.

-Matthew Lewis, Four Directions Development Corporation, Orono, ME

CDFIs do vital work to support individuals and small businesses in our communities. Please make sure this funding continues!

-Kimberley McCoy, Cooperative Federal, Syracuse, NY

Map of October 11, 2024 CDFI Branches and Stories