RI01 Stories and Data

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RI01 Stories

Millrace Kitchen

Warren,
Rhode Island

NeighborWorks Capital

NeighborWorks Blackstone River Valley, which serves northern Rhode Island, requested a $750,000 loan to leverage other funding sources to create a mixed-use development with residential and commercial office space in Warren’s Island Place Historic District. The Millrace Kitchen & Event Space is named after the property’s history as a series of former mill buildings, the development would provide space for the completion of a licensed commercial kitchen, an outdoor market, pop-up retail space, co-working offices and event space to support local entrepreneurs and generate new revenues.

Pickle & Board

Bristol,
Rhode Island

South Eastern Economic Development Corporation

"We were so pleased with the entire process of working with SEED. The team was friendly, knowledgeable and helpful throughout the process. The process was simple and we were able to close quickly, getting us the funds we needed to grow our business."

Tiger Lily Montessori

Rumford,
Rhode Island

South Eastern Economic Development Corporation

"We have wanted to expand for years, but never found the right time to do so. SEED was able to answer all of my questions and help me with all the paperwork needed to be approved for the loan. They were nothing but helpful and so kind throughout the process, and Tamarah made me feel reassured through it all. I can't thank SEED enough!"

Giusto

Newport,
Rhode Island

South Eastern Economic Development Corporation

"This is one of the most challenging moments in our lifetime and the support from our community and dedication from our team has been incredibly motivating. We have almost 50 employees working at Giusto and we will do everything we can to keep them safely employed through this pandemic."

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Map of RI01 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.

RI01 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.

RI01 Fact Sheet

The CDFI Fund generates economic opportunity in distressed rural and urban areas by leveraging private investment and expanding access to credit, capital, and financial services through the investment in and assistance to a nationwide network of Community Development Financial Institutions (CDFIs).

Carrie Zaslow, Providence Revolving Fund, Providence, RI