NY12 Stories and Data

NY12 Stories

Pantora
Brooklyn Cooperative Federal Credit Union provided Andrea Pitter with early working capital and subsequent financing that helped Pantora grow from a one-person bridal business into a nationally recognized company. In 2022, Brooklyn Coop financed Pantora’s purchase of its permanent Flatbush headquarters.
Fairfield by Marriott Verona Turning Stone
Clearinghouse CDFI provided $11.7 million to Benchmark Development for acquisition of the 93-room Fairfield by Marriott on the Oneida Nation Reservation in Verona. Oneida Indian Nation acquired the underlying property and established a ground lease, expanding Native ownership while retaining permanent jobs and supporting regional tourism.
Napollo Software Design
CRF provided Napollo Software Design with financing through the NYC Future Fund to refinance debt and supply working capital for the growing technology company. The financing helped Napollo hire employees, invest in business development, establish dedicated office space, and support jobs.
LenPick
CRF partnered with LenPick to create a referral pathway for entrepreneurs seeking SBA financing to open franchise businesses. The partnership has provided nearly $1 million in SBA 7(a) financing to four businesses while supporting jobs.

Map of NY12 CDFI Branches and Stories

Thank you to our partners at Inclusive and CDBA for sharing data on CDFI Bank and CDFI Credit Union branch locations. In addition, about 100 of our CDFI Stories come from OFN’s story database.

NY12 Investment Map

CDFI Investment Map

Mapped CDFI investment data (2005-2023), via the CDFI Coalition's partnership with CDFI Friendly America.

CDFI Advocacy App

Want more state data? Check out CDFI Friendly America's mobile-friendly CDFI Advocacy App for impacts from 2005-2023.

NY12 Fact Sheet

Testimonials

Invaluable support to people in our neighborhoods who want to build financial security–also to actually finance rehabbing vacant buildings and building new houses on vacant lots in our low/moderate income area.

Phil Prehn, Syracuse United Neighbors (SUN), Syracuse, NY

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 are important for local economic development.

Cheri Capparelli, Rockacres veterinary, Manlius, NY

CDFIs have assisted lower income people as they begin to work towards achieving the American Dream

Jane Slabowski, member: Cooperative Federal credit Union, Syracuse, NY