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Webinar Series: Forward Momentum Unlocking Investment in Rural - - PowerPoint PPT Presentation
Webinar Series: Forward Momentum Unlocking Investment in Rural - - PowerPoint PPT Presentation
Webinar Series: Forward Momentum Unlocking Investment in Rural America: A Systemic Approach to Partnership for Impact @MissionInvest #MIElive www.missioninvestors.org You are currently To ask questions, please go There will be a survey
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You are currently muted by default. To ask questions, please go to the Q&A option at the top left corner. There will be a survey following the webinar. Your feedback will help us to better our future programming. 3 This webinar is being recorded.
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Bill Bynum CEO Hope Enterprise Corporation @HopeCUbill Justin Maxson Executive Director Mary Reynolds Babcock Foundation @justindmaxson @mrbf_org Lisa Mensah Under Secretary for Rural Development United States Department of Agriculture @usdaRD Melanie Audette Senior Vice President Mission Investors Exchange @melaudette @MissionInvest
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Public Partner Private Partner Philanthropic Partners
United States Department of Agriculture Bank of America Bank of America Foundation Ford Foundation Heron Foundation JP Morgan Chase Foundation Mary Reynolds Babcock Foundation Northwest Area Foundation Winthrop Rockefeller Foundation
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CDFI Locator (Opportunity Finance Network) http://ofn.org/cdfi-locator
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What is a CDFI?
- Private financial institutions
- Primary mission of promoting
community development
- Help low-income and low-
wealth communities
Community Development Banks Community Development Credit Unions Community Development Loan Funds Community Development Venture Capital Funds Four sectors of the CDFI Industry
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Campaign to Tackle Persistent Poverty
* Counties are defined as being persistently poor if 20% or more of their populations were living in poverty over the last 30 years.
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Implications of Persistent Poverty
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$22M in private grants from foundation partners (Uplift America Fund) $500M in long-term loans from USDA $100M in guarantees from private banks
Rural Communities (Schools, Health Clinics, Childcare Facilities, etc.) 10
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AL: United Bank AR: Southern Bancorp Community Partners AZ: Prestamos CDFI CA: Rural Community Assistance Corporation, Arcata Economic Development Corporation CO: First Southwest Bank DC: Building Hope DE: National Council on Agricultural Life & Labor Research Fund KY: Kentucky Highlands Investment Corp, Federation of Appalachian Housing Enterprises, Community Ventures ME: Coastal Enterprises MS: Hope Enterprise Corporation, Hope Credit Union MT: Montana & Idaho Community Development Corporation, Farmers State Bank NC: North Carolina Community Development Initiative Capital, The Support Center NY: Local Initiative Support Corporation OK: Citizen Potawatomi Community Development Corporation SC: South Carolina Community Loan Fund SD: Rural Electric Economic Development, Dakota Resources TX: CEN-TEX Community Development Corporation WA: Craft3, Rural Community Development Resources
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12 Membership Orientation Webinar Tuesday, January 24th, 11AM Pacific Time
Thank you for participating in this webinar!
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