- This event has passed.
Capital Impact Partners and CDC Small Business Finance’s New Alliance
August 31, 2020
| Capital Impact Partners and CDC Small Business Finance — the nation’s leading mission-based small business lender — are excited to announce a new alliance that will allow the organizations to create change that neither could accomplish independently. The focus will be on developing and implementing scalable solutions that support economic empowerment and equitable wealth creation.
With their combined expertise and deep connection to communities and small business, they have the unique ability to deliver a full suite of lending products and programs that support community efforts to create strong, vibrant, and healthy places of opportunity. Three Pilot Programs Initially, the focus will be on three key place-based pilot locations — Los Angeles, Detroit, and the Washington, D.C. Metropolitan (DMV) Area. The immediate work will be on supporting recovery and relief needs of community members, small businesses, and organizations delivering key social services that have been devastated by these uncertain times. Cross-organizational teams will actively engage with local community members to understand regional problems and share tools and services to address those issues. With lessons learned from the pilots, community-based efforts will be replicated and expanded in other parts of the country. Strong Funding Partners We are proud to have been awarded multi-million dollar investments from JPMorgan Chase and the Heron Foundation as we launch this effort. Their backing underscores the scale and impact the organizations are poised to make. The Power of Collaboration They are honored to work alongside CDC Small Business Finance in this effort to bring transformative change to communities and to increase our impact. Join Them! For more information about their alliance, read their press release or reach out to them at alliance@capitalimpact.org. |