We have a critical community project that we are planning to build this year using CDFI funds. It will create new jobs and help small business owners.
We have a critical community project that we are planning to build this year using CDFI funds. It will create new jobs and help small business owners.
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!
We have been able to utilize NMTC and without this financing many of the projects we have done in Minneapolis would not have been possible. It’s been a wonderful facility to support small businesses, economic development, and critical services to low-income communities. Please continue these programs, they do make a difference.