Cities and towns all over the country are implementing innovative tactics to invigorate and revitalize their communities. On Dec. 13th, LOCUS' parent company Virginia Community Capital (VCC) will hold a conversation about these place-based trends with Bruce Katz, author of "The New Localism" and former Centennial Scholar at the Brookings Institute, and Erika Poethig, Vice President and Chief Innovation Officer of Urban Institute. The session will be moderated by Craig Carper, News Director of 88.9 WCVE Public Radio.
Money worries are a top concern for American workers, with the stress often distracting them from the job. As a result, companies are realizing the need to provide better financial literacy and services for their employees. To support this need, Spring Bank has recently begun partnering with businesses to offer its Employee Opportunity Loan program. The program provides loans to employees at participating companies of up to $2,500 with no minimum credit score requirement as alternative to payday loans and other high-interest financial options.
CDBA is proud to announce that the W.K. Kellogg Foundation has funded CDBA's Small Business Impact at Scale Initiative with a $500,000 grant. The initiative, in partnership with Partners for the Common Good (PCG), focuses on building the capacity of CDFI banks to measure, assess, and communicate the impact of their small business lending. With the grant, the initiative will expand to help CDFI banks identify common business impact indicators, provide shared training and exchange of best practices, and pilot new models for efficient data collection on their over $4 billion in business loans.