Experience Investment Connection—from pitch to impact—with small business owners, community organizers, and bankers, and the Federal Reserve community development experts bringing them together.
“Banks and nonprofits need mutually beneficial relationships,” says Paul Woodruff. Investment Connection encourages organizations to highlight what both the nonprofits and the banks have to gain.
The loan purchase program was a pilot, a new model that Dan Fagan hoped more banks could adopt. “We just decided that we were going to plow forward."
In 2011, Ariel Cisneros from the Kansas City Fed invited Rob Smith to pitch at Investment Connection. In the three years following the event, Smith raised about $300,000. The funding came at a pivotal moment.
Banks partner with a community non-profit to help a small business owner upgrade and expand her child care facility.
From job training and industry-recognized skills certificates to job placement services and financial literacy education, get to know one program helping low- and moderate-income residents of Oklahoma and southwest Missouri enter the workforce.
“Our lending partners have made huge financial commitments to increase minority homeownership.” Carrie Davis of Wealth Watchers shares how the Community Reinvestment Act has helped banks meet the needs of communities.
When the COVID-19 pandemic spread here, the Philadelphia Chinatown Development Corporation used Paycheck Protection Program money to help residents and businesses. More support will be necessary.
"Customers told us, 'You saved our businesses. You saved jobs. We wouldn't have made it if you guys weren't here and didn't walk us through this.'"