Community development financial institution

VSEDC's HerStory Event Celebrates Women Leaders and Entrepreneurs with a Competitive Pitch Competition

Retrieved on: 
Saturday, April 1, 2023
Women's History Month, Small business, Housing, Education, Audience, Golden Horse Audience Choice Award, Eye, Calendar, Logistics, Woman, Multimedia, CDFI, Economic development, Community development financial institution, Community development, Herstory

LOS ANGELES, March 31, 2023 /PRNewswire/ -- Vermont Slauson Economic Development Corporation (VSEDC) kicked off its Women's History Month celebration with a bang, presenting HerStory - an event that honored three exceptional women leaders and showcased the best women-owned startups and small businesses in the area.

Key Points: 
  • Valerie Spiller, Rashunda Rene, and Guadalupe Tlatenchi were recognized with an Award of Excellence for their numerous accomplishments.
  • The top three winners of the pitch competition were awarded cash prizes of $1,500, $1,000, and $500, respectively.
  • The competition was fierce, but Crystal Crawford of Liberated Eyewear emerged as the winner of the startup category and the Audience Choice Award.
  • If you missed this fantastic event, don't worry – VSEDC will be hosting its annual Latino Heritage Event in October 2023.

Vermont Slauson Economic Development Corporation celebrates Women's History Month with HerStory Event

Retrieved on: 
Thursday, March 30, 2023
Clearing house, Women's History Month, Small business, Housing, Education, Comerica, Audience, Logistics, Television, Woman, Multimedia, Golden Horse Audience Choice Award, Capital One, A&E Networks, Bank of America, CDFI, Economic development, Community development financial institution, Community development, Bank, Herstory, Social media, Female

LOS ANGELES, March 29, 2023 /PRNewswire/ -- The Vermont Slauson Economic Development Corporation (VSEDC) is proud to announce its annual Women's History Month celebration, HerStory, which will honor three local female leaders and feature a competitive business pitch competition for women-owned startups and small businesses. The event will take place tomorrow (March 30, 2023) at 12:30 PM and can be attended virtually via this Zoom link: https://cli.re/HerStory-Zoom.

Key Points: 
  • LOS ANGELES, March 29, 2023 /PRNewswire/ -- The Vermont Slauson Economic Development Corporation (VSEDC) is proud to announce its annual Women's History Month celebration, HerStory, which will honor three local female leaders and feature a competitive business pitch competition for women-owned startups and small businesses.
  • The event will take place tomorrow (March 30, 2023) at 12:30 PM and can be attended virtually via this Zoom link: https://cli.re/HerStory-Zoom .
  • Vermont Slauson Economic Development Corporation (VSEDC) is a community-based nonprofit and Community Development Financial Institution (CDFI) recognized for decades of technical and entrepreneurial assistance to South LA small businesses, start-ups and entrepreneurs.
  • The service VSEDC provides serves to drive community self-sufficiency, facilitate business growth, access to affordable housing, goods and services, and job creation.

KeyBank Community Development Makes Strategic Investment in Arctaris to Expand Business Lending for Disadvantaged Communities Nationally

Retrieved on: 
Tuesday, March 28, 2023
Professional Services, Environmental, Social and Governance (ESG), Small Business, Socially Responsible Investing, Finance, Asset Management, Banking, KeyBank, Small business, Housing, CDLI, FLC, BBB, Sports club, Investment, CDFI, CRA, Community development financial institution, City, Entrepreneurship, Community development, LOC, Bank, Renewable energy, LP, Fund

Arctaris Impact Fund, LP (“Fund”), the flagship debt fund of Arctaris Impact Investors, LLC (“Arctaris”), has obtained a new $10 million warehouse line of credit (LOC) with KeyBank Community Development Lending and Investment (CDLI) through its Community Development Financial Institutions (CDFI) Group.

Key Points: 
  • Arctaris Impact Fund, LP (“Fund”), the flagship debt fund of Arctaris Impact Investors, LLC (“Arctaris”), has obtained a new $10 million warehouse line of credit (LOC) with KeyBank Community Development Lending and Investment (CDLI) through its Community Development Financial Institutions (CDFI) Group.
  • KeyBank CDFI’s LOC will help Arctaris bridge the timing between when investments are made, and Impact Notes are secured for long-term permanent financing.
  • This LOC also enables speed in execution, capacity to grow the Fund, and the time Arctaris requires to source long-term capital.
  • The Arctaris Impact Fund, LP received an A senior credit rating from Egan Jones, and the bonds were rated BBB.

Energize Colorado - Colorado's Newest Mission Based Lender

Retrieved on: 
Thursday, March 23, 2023
Volunteering, Interim, Small business, Chairperson, Chair, ECP, Investment, CDFI, Community development financial institution, Growth, Community development, Electric motor, Urban Saints

Founded during the earliest days of the pandemic, Energize Colorado supported and built innovative solutions to deflect the impacts of business closures and invested heavily in the entrepreneurs who needed help the most.

Key Points: 
  • Founded during the earliest days of the pandemic, Energize Colorado supported and built innovative solutions to deflect the impacts of business closures and invested heavily in the entrepreneurs who needed help the most.
  • As Energize Colorado enters this next phase of growth, the nonprofit is working to expand its investments across the state to leave a lasting impact on entrepreneurs.
  • Earlier this month, Energize Colorado announced the launch of their Energize Community Program (ECP).
  • To reach their mission of "creating a resilient and equitable small business ecosystem," Energize Colorado is now seeking to become a certified Community Development Financial Institution (CDFI).

Joseph "Joe" T. Rouzan III Announces Retirement from Vermont Slauson Economic Development Corporation

Retrieved on: 
Friday, March 10, 2023
City, Bangladesh Technical Education Board, Willie L. Williams, Economic development, Multimedia, Education, Annenberg, Economy, Federal Executive Boards, Community development, CDFI, Weingart, Federal, Best Buy, Small business, Organization, Community development financial institution, Housing, Chairperson, Management

LOS ANGELES, March 10, 2023 /PRNewswire/ -- After six (6) years, VSEDC President and CEO, Joe Rouzan III, is retiring and making way for new leadership.

Key Points: 
  • LOS ANGELES, March 10, 2023 /PRNewswire/ -- After six (6) years, VSEDC President and CEO, Joe Rouzan III, is retiring and making way for new leadership.
  • Under Joe's tenure, VSEDC has grown exponentially, evolving and expanding to meet the ever-changing needs for economic and small business development solutions in South Los Angeles while increasing funding to these organizations significantly.
  • Joe has a combined 29 years of service which includes 13 with the Economic and Workforce Development Department and 16 with the Los Angeles Police Department.
  • Vermont Slauson Economic Development Corporation (VSEDC) is a community-based nonprofit and Community Development Financial Institution (CDFI) recognized for decades of technical and entrepreneurial assistance to South LA small businesses, start-ups and entrepreneurs.

Rural Development Partners Helps Wilmington Food Bank Expand

Retrieved on: 
Thursday, March 9, 2023
Anbaric Development Partners, New Markets Tax Credit Program, Community development financial institution, Health education, Social media, Cape Fear, Workforce, FOREST, NMTC, SF, Food bank, Multimedia, Office of the Supervising Architect for the U.S. Treasury, Food, Organization, Capital Area Food Bank, Hunger, Metro, RDP, Grocery store

FOREST CITY, Iowa, March 9, 2023 /PRNewswire/ -- Rural Development Partners allocated $12.5 million in New Markets Tax Credits to close the funding gap for Food Bank of Central and Eastern North Carolina to expand their Wilmington Branch .

Key Points: 
  • FOREST CITY, Iowa, March 9, 2023 /PRNewswire/ -- Rural Development Partners allocated $12.5 million in New Markets Tax Credits to close the funding gap for Food Bank of Central and Eastern North Carolina to expand their Wilmington Branch .
  • "Rural Development Partners is proud to play a small part in helping fight food insecurity, and we know that the Wilmington Food Bank will now be better equipped to meet the needs of those in both the non-metro and metro counties that they serve."
  • "We know we can't solve hunger in the Cape Fear region alone and we're so thankful for partnerships like this one with Rural Development Partners," said Ashley C. McCumber, President & CEO of the Food Bank.
  • Rural Development Partners (RDP) utilizes the New Markets Tax Credit (NMTC) program to help organizations relocate, renovate, or expand their operations in distressed rural communities.

Vermont Slauson Economic Development Corporation Receives $200,000 PRIME Grant From the U.S. Small Business Administration

Retrieved on: 
Friday, March 3, 2023
Federation, Small business, Housing, Economic development, Education, PRIME, Community development financial institution, Curriculum, SBA, CDFI, Fiscal, Multimedia, Community development, Human, Organization, Pharmaceutical industry, Management

LOS ANGELES, March 3, 2023 /PRNewswire/ -- Vermont Slauson Economic Development Corporation was selected to receive a grant award totaling $200,000 from the U.S. Small Business Administration (SBA) Program for Investment in Microentrepreneurs Act (PRIME), for the Fiscal Year 2022 competition.

Key Points: 
  • LOS ANGELES, March 3, 2023 /PRNewswire/ -- Vermont Slauson Economic Development Corporation was selected to receive a grant award totaling $200,000 from the U.S. Small Business Administration (SBA) Program for Investment in Microentrepreneurs Act (PRIME), for the Fiscal Year 2022 competition.
  • Vermont Slauson Economic Development Corporation (VSEDC) is a community-based nonprofit and Community Development Financial Institution (CDFI) recognized for decades of technical and entrepreneurial assistance to South LA small businesses, start-ups and entrepreneurs.
  • VSEDC achieves this through youth education, a core curriculum of business education, one-on-one business assistance, and small business loans.
  • The U.S. Small Business Administration helps power the American dream of business ownership.

Walmart and Citi Introduce the Bridge built by Citi® platform to Walmart Suppliers

Retrieved on: 
Tuesday, February 28, 2023
Professional Services, Retail, Business, Other Retail, Finance, Fintech, Banking, Luigi, Senior, Supplier, Citigroup, Community development financial institution, Community development, Gender, Business development, Multimedia, Real estate, Bank, Bridge, Walmart

Walmart and Citi are collaborating to introduce the Bridge built by Citi platform (“Bridge”) to Walmart’s 10,000 small- and medium-sized businesses (SMBs) in their US-based supplier network.

Key Points: 
  • Walmart and Citi are collaborating to introduce the Bridge built by Citi platform (“Bridge”) to Walmart’s 10,000 small- and medium-sized businesses (SMBs) in their US-based supplier network.
  • Once a request is submitted, the platform seamlessly connects suppliers with multiple potential lenders that can evaluate their requests.
  • Walmart has programs that help with post-shipment financing, but Bridge built by Citi has the potential to expand options available to qualifying suppliers.
  • Note: Neither Walmart nor Citi have any influence in lending decisions, nor do they participate as lenders on the platform.

Vermont Slauson Economic Development Corporation celebrates three local leaders and holds 60-Second Business Pitch Competition for Black-owned businesses to celebrate Black History Month

Retrieved on: 
Monday, February 27, 2023
Golden Horse Audience Choice Award, Housing, Clearing house, Lakers–Clippers rivalry, CDFI, City Union Bank, Bank of America, Comerica, Capital One, Black, The Support Center, Wells Fargo, West Side, Chicago, Black History Month, Health, Bank, Community development, Economic development, Community development financial institution, Skin care, Nobe, Audience, Multimedia, Education, Union Bank

LOS ANGELES, Feb. 27, 2023 /PRNewswire/ -- Vermont Slauson Economic Development Corporation celebrated Black History Month by honoring three local leaders and hosting a Black-owned business pitch competition for startups and small businesses.

Key Points: 
  • LOS ANGELES, Feb. 27, 2023 /PRNewswire/ -- Vermont Slauson Economic Development Corporation celebrated Black History Month by honoring three local leaders and hosting a Black-owned business pitch competition for startups and small businesses.
  • Chosen from a field of over 60 applicants, six finalists pitched their businesses to a panel of judges and an audience of lenders and other small businesses.
  • Vermont Slauson Economic Development Corporation (VSEDC) is a community-based nonprofit and Community Development Financial Institution (CDFI) recognized for decades of technical and entrepreneurial assistance to South LA small businesses, start-ups and entrepreneurs.
  • The service VSEDC provides serves to drive community self-sufficiency, facilitate business growth, access to affordable housing, goods and services, and job creation.

Clearwater Analytics Powers OneUnited Bank's Fully FDIC-Insured Deposit Program

Retrieved on: 
Wednesday, February 22, 2023
Software as a service, Fortune 500, FDIC, Community development, OneUnited Bank, Clearwater Analytics, IntraFi Network, Community development financial institution, NYSE, CDFI, MDI, Treasury, U.S. Department of Defense Strategy for Operating in Cyberspace, Intelligence, Investment, Homophobia in ethnic minority communities, Bank, Black-owned businesses

BOISE, Idaho, Feb. 22, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment accounting, reporting, and analytics solutions, today announced that its investment accounting and reporting platform is the anchor of a fully FDIC-insured deposit program, brought to market by OneUnited Bank and IntraFi. As the largest Black-owned bank in the U.S., OneUnited is dedicated to empowering minority customers, and is designated by the U.S. Department of Treasury as a Community Development Financial Institution (CDFI) and Minority Depository Institution (MDI).

Key Points: 
  • Corporations Can Leverage Clearwater to Manage Their Investments in Black-Owned Businesses & Minority Communities, Fulfilling ESG/DEI Obligations
    BOISE, Idaho, Feb. 22, 2023 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment accounting, reporting, and analytics solutions, today announced that its investment accounting and reporting platform is the anchor of a fully FDIC-insured deposit program, brought to market by OneUnited Bank and IntraFi .
  • OneUnited Bank and IntraFi have collaborated to create a fully FDIC-insured deposit program, with Clearwater Analytics providing the technology platform for mutual corporate clients to easily manage and access their deposit information.
  • "We are choosing to make an impact by partnering with OneUnited Bank to empower low-to-moderate income people across the nation," said Scott Erickson, President, Americas and Asia at Clearwater Analytics.
  • We're proud to provide our world-class technology platform as the backbone for this program and encourage other Fortune 500 corporations to partner with OneUnited Bank to support minority communities."