North Carolina Stories and Data

North Carolina Stories

Western North Carolina Grant Initiative
CDFI Collaboration Supports Small Business Recovery from Helene
Overcoming Natural Disasters
Julie Painter, a member of the Eastern Band of Cherokee Indians and owner of Visage Salon, faced one of her biggest challenges yet when Hurricane Helene devastated western North Carolina.
Raleigh Rescue Mission
Raleigh Rescue Mission will build an 88,000 SF situational homeless recovery facility, an 18,500 SF children’s learning center, and open green spaces.
Nourish Up
Proceeds will fit out a 19,000 SF commericial kitchen for medically tailored meal production within a 90,000 SF food distribution facility, both of which address food insecurity for low-income people in Charlotte, NC.

North Carolina Fact Sheet

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Testimonials

CDFIs provide access to capital for individuals who more traditional financial institutions would otherwise deny. The capital provided allows them to sustain or scale their business.

-Christopher Capel, Aspire Community Capital, Charlotte, NC

CDFIs (Community Development Financial Institutions) are essential for ensuring access to capital in underserved communities. These institutions are not just important; they are vital to the small business ecosystem and represent significant assets for our local and national economies. By supporting underserved entrepreneurs, we actively create opportunities for all and empower individuals to achieve the American dream of growth and prosperity.

-Manuel Campbell, ASPIRE Community Capital, Charlotte, NC

CDFIs are essential for the economic vitality of rural communities like the ones we serve in Western North Carolina. The CDFI Fund represents an extremely effective and high-return investment.

-Matthew Raker, Mountain BizWorks, Asheville, NC

Map of North Carolina CDFI Branches and Stories