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    Data Highlights CED Program’s Ability to Provide Jobs to Low-Income Individuals and Revitalize Distressed Communities

    Posted by on Dec 27, 2016 in Uncategorized | 0 comments

    In December 2016, a report prepared by Rapoza Associates, a Washington DC based government relations firm, took a look at federal Community Economic Development (CED) grants. An analysis of both survey data and federal government reporting points to the success of federal CED grants, which are administered by the Department of Health and Human Services (HHS) and the local Community Development Corporations that work with this program. The firm surveyed 52 local community development corporations that had recently received CED grants.  These...

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    Midwest Minnesota CDC Project Visited by Treasury Secretary

    Posted by on Aug 16, 2016 in Blog, Community Economic Development Grants, New Markets Tax Credit | 0 comments

    Midwest Minnesota CDC Project Visited by Treasury Secretary

    On August 8th, 2016, U.S. Secretary of the Treasury Jack Lew visited Seward Community Cooperative Friendship Store, a grocery store in Minneapolis, Minnesota. The store, which is located in a low-income census tract and provides access to healthy, fresh foods, was financed in part by the New Markets Tax Credit (NMTC) and federal Community Economic Development (CED) funds from Midwest Minnesota Community Development Corporation (MMCDC). The event was also attended by Congressman Keith Ellison who represents the district where the grocery store...

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    Kentucky Project Saves Over 300 Jobs and Facilitates Critical Health Services

    Posted by on Aug 9, 2016 in Blog | 0 comments

    Kentucky Project Saves Over 300 Jobs and Facilitates Critical Health Services

    The Pineville Community Hospital has provides healthcare services to southeastern Kentucky residents since 1938. The nonprofit hospital, which was in need of modernization and expansion to serve the needs of the community, received a $3.1 million USDA  Business and Industry (B&I) Guarantee Loan through veteran Community Development Corporation, Kentucky Highlands Investment Corporation (KHIC). Through the B&I program, KHIC helped restructure the hospital’s existing debt, allowing First State Financial to then provide the...

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    Leadership, Legacy and Cardboard Lobsters—Thank you Ron Phillips

    Posted by on Mar 18, 2016 in Blog, CDFI Fund Program, Community Economic Development Grants, Job Creation, JOLI, New Markets Tax Credit | 0 comments

    Leadership, Legacy and Cardboard Lobsters—Thank you Ron Phillips

    Post written by Bob Rapoza A celebration of a retiring leader in the CDC community was held this week. My good friend, Ron Phillips, the founder and president of Coastal Enterprises, Inc. is retiring. While I was not able to attend Ron’s celebration in Maine, I knew it would be quite an event, and a fitting tribute to all the good work done by a great organization and its leader. As such, I want to add a comment about my work with Ron and the Eagles and take this opportunity to put our efforts in perspective. Ron was part of a generation of...

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    CPLC Makes the White House Best Photos for President’s Visit to Nuevas Villas At Beverly

    Posted by on Feb 22, 2016 in Blog, Housing | 0 comments

    CPLC Makes the White House Best Photos for President’s Visit to Nuevas Villas At Beverly

    As many people in the community development corporation (CDC) know, Chicanos Por La Causa (CPLC) is an Arizona-based CDC that has been providing integrated group programs and services in economic development, education, health and human services, and housing since 1969.  On January 8, 2015, one of CPLC’s housing sites, the Nueva Villas at Beverly, had a very well-known figure come to visit. This person was the President of the United States of America, Barack Obama.  To make this day even more memorable for CPLC and the Phoenix community,...

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    CEI Helps Local Flower Farm Blossom

    Posted by on Feb 8, 2016 in Blog | 0 comments

    Coastal Enterprises, Inc. (CEI) is a Maine-based CDC that has made loans and investments, and provided business advisory services to people and businesses in Maine and New England since 1977.[1] CEI is unique in its holistic approach to addressing the multifaceted challenges of poverty alleviation, rural development and environmental sustainability. Little River Flower Farm is a recent example of a project that meets CEI’s triple bottom line. Little River Flower Farm grows and produces Maine Organic Farmers and Gardeners Association (MOFGA)...

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    VEDC Creates New Lending Program to Boost African American-Owned Small Businesses

    Posted by on Oct 29, 2015 in Blog | 0 comments

    VEDC Creates New Lending Program to Boost African American-Owned Small Businesses

    VEDC, a long-standing member of the CDC community, announced that it is joining forces with JPMorgan Chaise to create a new lending program for African American-owned small businesses in New York City, Chicago and Los Angeles. VEDC released the following information on the program: The National African American Small Business Loan Fund will boost economic opportunity for minority-owned businesses in these cities and help them serve low-income communities by providing them with greater access to capital, technical assistance and financial...

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    Can Business School Save a Company?

    Posted by on Mar 31, 2015 in Blog, Rural Economic Development, Small Businesses | 0 comments

    Can Business School Save a Company?

    A family printing business in eastern Kentucky was struggling after coal’s decline. Then the CFO got sent to Babson.

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    Report Shows Community Development Groups Create Jobs and Grow Local Economies

    Posted by on Dec 9, 2014 in Blog, Uncategorized | 0 comments

    Report Shows Community Development Groups Create Jobs and Grow Local Economies

      Contact: Ayrianne Parks Telephone: 202.579.7445 Email: Ayrianne@Rapoza.org FOR IMMEDIATE RELEASE   Report Shows Community Development Groups Create Jobs and Grow Local Economies A report released by Rapoza Associates shows 26 community development projects resulted in nearly 7,000 jobs in communities still plagued by high unemployment and poverty rates December 9, 2014—Washington, D.C.—Amidst federal funding negotiations happening on Capitol Hill, a new report was released today on the impact Community Development Corporations...

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    CPLC President Recognized For Community Development Work

    Posted by on Oct 21, 2014 in Blog | 0 comments

    CPLC President Recognized For Community Development Work

    Chicanos Por La Causa President and CEO Edmundo Hidalgo has been named by Hispanic Business as one of the 50 Most Influentials for 2014. He was recognized for his work helping CPLC become one of the most influential community development corporations in the United States. Read his biography on Hispanic...

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