ECDI - Economic and Community Development Institute转发了
For those of us in economic development, we can likely name 10 CDFIs without trying very hard. But the reality is, most of the small businesses and bankers I work with have never heard of them or are aware of their outsized contributions to our communities. In their 30-year history, CDFIs have expanded financial resources for entrepreneurs, giving them a different choice than venture capital or family resources. They created the pipeline of healthy small businesses I see everyday and are responsible for some of the most impactful job creators I know. Eliminating the CDFI Fund restricts resources to active CDFIs in our communities and eliminates the opportunity for new ones to be created. In also increases the cost of capital for CDFIs, which will be passed on to the small businesses, making it even more expensive to start a business or access a loan. Let's work together to invest in Ohio's CDFIs and give them the support they need to continue their mission-oriented work. Have you worked with a CDFI? Share your story here ??
Ohio's CDFIs play a pivotal role in empowering the state's small businesses. In fact, many OSDC borrowers come from?Ohio's CDFIs, where they often received their first loan and the support they needed to take their businesses to the next level. CDFIs provide access to capital and expert guidance, setting the stage for businesses to become strong candidates for SBA lending and eventually secure conventional loans from banks. We're proud to partner with Ohio's CDFIs because they're nurturing tomorrow's business leaders and job creators, driving economic growth across the state and beyond.