Community Development Financial Institutions

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

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.

Bank of America Launches Directory Listing Sources of Capital for Small Businesses

Directory Designed to Create More Awareness of Available Funding
Press Release

CHARLOTTE, N.C., October 1, 2015 /3BL Media/ – Bank of America announced today the launch of an online community development financial institution (CDFI) directory to connect small businesses to more capital. This nationwide directory, www.bankofamerica.com/cdfi, will enable entrepreneurs and small business owners to find a CDFI in their community, creating an opportunity to access funding to help grow their businesses.

Starbucks Supports Community Development Financial Institution to Create U.S. Jobs

by Julie Fahnestock
Blog

Think back to 2011. The worst of the recession in the US is over (for some.)   It's been a few years, but you can now afford to get back to your regular patronizing of your local Starbucks.  As you order your morning caffeine the barista asks if you'd like to help Starbucks create more USA-based jobs. She hands you a red, white and blue wristband with a zinc plate inscribed with the word 'Indivisible.' The barista tells you that the bracelets are made in the USA and from 100% USA-manufactured materials.

Bank of America Funds $20 Million Investment to Support Hurricane Sandy Rebuilding Efforts

Low-Cost Financing Available for Small Businesses and Residents Impacted by the Storm
Press Release

NEW YORK, December 10, 2012 /3BL Media/ – Bank of America today committed $20 million in new funding for 13 Community Development Financial Institutions (CDFIs) to provide financing for small businesses and residents affected by Hurricane Sandy. CDFIs are private sector financial institutions that finance affordable housing, small businesses, community facilities, and economic revitalization programs.  

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