CDFI

Showing Respect for Where They Come From

Coastal Enterprises, Inc., exemplifies how support from Wells Fargo’s Diverse Community Capital program can bring economic opportunity to underserved populations.
Article

The American dream — rooted in struggle and resulting in achievements that benefit entire communities — continues to play out for immigrants such as Adrian Espinoza Garcia and Mariama Jallow. Garcia, originally from Bolivia, and Jallow, who was born in The Gambia, are recent business owners in Portland, Maine.

Innovation in Community Impact Investing

Article

by Andy Posner, founder, Capital Good Fund 

According to US SIF: The Forum for Sustainable and Responsible Investing, Socially Responsible Investing (“SRI”) has reached the $12 trillion asset mark. Unfortunately, the vast majority — 97 percent, to be precise — comprises investments in the traditional capital markets in which decisions are made using Environmental, Social, or Governance (“ESG”) criteria. While I applaud people adding ESG screens to their portfolio, it is imperative that we find ways to support direct, community-level investments.

A Source for Affordable Capital to Aid Small Business Growth

California Capital and other Community Development Financial Institutions in low-income communities across the U.S. serve as an economic lifeline for local residents and small businesses in need of financing.
Article

When Jameka Smith saw an opportunity in 2017 to shift her career from veterinary pharmaceutical sales to owning her own animal hospital, she knew she would need access to affordable capital to buy the business. Traditional financing, however, was something that proved harder to obtain than she had anticipated.

Wells Fargo Donates Additional $7.9 Million for Small Business Growth

Diverse Community Capital program already supports 16,000 business loans, helped create more than 103,000 jobs across country
Press Release

SAN FRANCISCO, July 26, 2019 /3BL Media/ - Wells Fargo announced another new boost to diverse small businesses today with $7.9 million in grants from its Diverse Community Capital program, which offers

Vegan Soul Food: Improving Health “One Chew at a Time”

Chef GW Chew’s plant-based meat substitutes are going from restaurant to supermarket with support from a Wells Fargo diverse small business program.
Article

March 7, 2019

Jennifer Donaldson
Wayne Thompson

If it looks like steak and tastes like steak, it must be steak, right?

Nope.

To Chef GW Chew, it’s something even better: a vegan Philly cheesesteak. His “Philly Cheeze Steak” sandwich — “cheeze” instead of “cheese” since it’s not made from milk — is one of several plant-based food offerings at The Veg Hub, a restaurant he founded in Oakland, California.

Turning $50 Into a Small Business Owner’s Dream Come True

When Celeste Phillips wanted to start her own business, she turned to Bridgeway Capital, which provided her with funding and resources, thanks to support from Wells Fargo.
Article

Celeste Phillips believes that working for someone else forces you to put your own dreams on hold. But working for yourself, she said, allows you to fulfill your dreams. Read the full story and watch the video at Wells Fargo Stories.

That’s why she started Big LuLu’s Trucking LLC, a construction and hauling company in Pittsburgh.

Wells Fargo Sparks Diverse Small Business Growth Across U.S. by Fulfilling $75 Million Lending and Grant Commitment

Additional $100 million already pledged to continue support; latest funding serves rural and urban communities in Nebraska, California, New York and more
Press Release

SAN FRANCISCO, December 6, 2018 /3BL Media/ Wells Fargo & Company (NYSE: WFC) announced it has exceeded its initial $75 million commitment for the Wells Fargo Works for Small Business: Diverse Community Capital program by awarding $13 million in lending capital and grants to 19 Community Development Financial Institutions (CDFIs) in the l

Self-Help Credit Union’s Green Impact Capital

Making Money & Making a Difference
Article

[Article from the January 2016 issue of GreenMoney Journal]

Self Help Credit Union’s Green Impact Capital 

By Melissa Malkin-Weber, Sustainability Director, Self-Help Credit Union

When I finished graduate school in 1994, I wanted to build a meaningful career using my training in law and public health. More specifically, I had two major goals: to create a more sustainable planet, and to invest my money in a way that was consistent with my social justice values. Ideally, I would weave the two together.

Community Development & Revitalization - How It's Done

A dialogue on Impact Investing
Blog

A Dialogue on Community Development and Impact Investing: Featuring Ron Phillips and Ellen Golden of CEI

Ron Phillips is the founding CEO of Coastal Enterprises, Inc. (CEI), the Community Development Corporation (CDC) and Community Development Financial Institution (CDFI) based in Maine. He will be stepping down from CEI in July 2016 after 38 years. Ellen Golden is the Senior Vice President for Corporate Development and Managing Director of CEI Investment Notes. She is stepping down this month after 37 years with CEI.

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