AR04 Stories and Data

AR04 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

AR04 Fact Sheet

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

CDFIs have been essential vehicles for moving investment capital into communities that otherwise cannot access capital. We provide important technical assistance and financial support to grow businesses, finance projects, and revitalize communities thanks to investments from the CDFI Fund, which we then leverage with other private capital.

-Thomas De Simone, Genesis LA, Los Angeles, CA

CDFIs are very good stewards of federal dollars, both in terms of leveraging other resources and by making loans and investments with great repayment history.

-Suzanne Anarde-Devenport, Rural Community Assistance Corporation (RCAC), West Sacramento, CA

Map of AR04 CDFI Branches and Stories