Don't Miss the CDFA Ohio Financing Roundtable This Week
Join CDFA on September 14, 2022, in Columbus, Ohio for a one-day conference to share best practices within the development finance industry. Experts from across the state will discuss the latest and most innovative development finance tools, authorities, resources, and approaches, and how these can affect the Ohio economy going forward. If you have a stake in Ohio's economic development finance industry, you won't want to miss this event. Space is limited, register today!
FEMA Launches $50M Loan Fund to Reduce Natural Hazard, Climate Change Vulnerabilities
Under the direction of the Biden administration and drawing on funds from the Bipartisan Infrastructure Law, the Federal Emergency Management Agency (FEMA) will create a $50 million Safeguarding Tomorrow Revolving Loan Fund program to bolster state and local government efforts to fight natural hazards.
Join CDFA for an In-Person Minority Lending Workshop - November 3 in Denver, CO
Accessible small business lending is a critical component of economic justice, yet many loan funds struggle to connect with the full diversity of borrowers in their community. Don't miss this upcoming workshop at the CDFA National Development Finance Summit, Presented by CHFA, where speakers will break down how lenders can build relationships with underserved groups, adapt lending approaches to reach a wider range of borrowers, and make organizational changes to further support the lender's mission.
Great Falls, MT Approves $1.4M to Development Authority for Revolving Loan Fund
City Commissioners in Great Falls, Montana unanimously approved $1.4 million CARES Act funds to the Great Falls Development Authority for their revolving loan fund, which goes to local businesses as gap or bridge loans.
Coalition Awarded $45M to Expand Economic Opportunity in Native Communities
The Mountain | Plains Regional Native Community Development Financial Institutions Coalition will receive about $45 million to accelerate growth of the Indigenous finance sector and expand economic opportunity in Native American communities through a partnership with nine Native organizations.
Regional Planning Council Helps Small Businesses Stay Afloat in South Florida
With assistance from the Economic Development Administration (EDA), the South Florida Regional Planning Council is helping small, minority-owned businesses and other entrepreneurs develop and grow their enterprises. Capitalized with $5.9 million in EDA CARES Act funding, the program is designed to meet the needs of local businesses from Palm Beach to the Florida Keys who were adversely impacted by the pandemic and were unable to obtain conventional funding.
Colorado Startup Loan Fund Introduces New Financing Options to Help Small Businesses
The new Colorado Startup Loan Fund introduces financing options for small business owners across Colorado looking to start, restart, or restructure a business. The Fund will focus on serving business owners who have historically encountered barriers to bank financing so they can start and grow the types of thriving businesses that make up the heart of the Colorado economy and communities.
New York Awarded $501.5M in Federal Funds to Support Small Businesses
New York State has been awarded $501.5 million in federal funds through the State Small Business Credit Initiative, which was reauthorized and expanded as part of the American Rescue Plan Act. The initiative is managed by the U.S. Department of Treasury and provides funds to support programs for small businesses, with emphasis on those still struggling from the economic impact of the COVID-19 pandemic.