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 are a great, cost-effective way to support development in rural, suburban and urban communities in a public/private finance model heavily weighted to the private side. In our case in enabled locating our manufacturing plant in an area where people needed jobs.
After coming from several years working in for-profit corporations into a CDFI, I’ve come to appreciate the real benefits CDFIs provide to communities at all levels. CDFIs provide consumer, commercial, mortgage loans, housing development, community facilities when needed, and more creative solutions.