CDFIs are essential in supporting small businesses that are the backbone of the United States’ economy.
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.
CDFIs are essential in supporting small businesses that are the backbone of the United States’ economy.
I support Community Development Financial Institutions (CDFIs) because they are essential in promoting equitable economic growth and community development. At GROW SD, we see how CDFIs empower underserved populations by providing tailored financial solutions that create housing stability and sustainable businesses. Their commitment to reinvesting in local economies aligns with our mission to enhance community well-being. By supporting CDFIs, we can help build stronger, more resilient communities where everyone has the opportunity to thrive.
As a consulting firm working closely with CDFIs and economic development partners across the country, SBC Small Business Consulting supports [CDFI Fund appropriations]. The clarity and continuity of these federal programs are critical for ensuring small businesses in underserved communities receive the technical assistance and capital they need to grow. We appreciate the Treasury’s commitment to supporting CDFIs and encourage swift action to maintain momentum in local economic development efforts.
CDFIs are filling in gaps in the capital markets that make financing more widely accessible and contribute to greater economic prosperity for all.