News Six Grow with Google Small Business Loans, Google.org Grants Announced As the COVID-19 crisis continues, CDFIs are best positioned to help small minority and women-owned businesses survive and recover from the pandemic’s economic… January 14, 2021
News Starbucks Announces $100 Million Investment in CDFIs and Other Impact-focused Financial Institutions On January 12, Starbucks announced new initiatives as part of its long-standing commitment to use its scale and platform to positively impact the communities… January 12, 2021
News Rocky Start as SBA Re-opens Next Round of PPP Lending As America reckons with a Titanic scale economic impact from COVID-19, we can’t afford to wait for relief for small businesses that… January 12, 2021
News Participate in the 2020 Census to Increase Federal Funding for Low-income Communities Did you know that 305 federal financial assistance programs relied on U.S. Census data to allocate $1.5 trillion in funding nationwide during FY 2017? This includes $1.2… December 29, 2020
News Historic Funding for CDFIs in FY2021 Omnibus Appropriations and COVID-19 Relief Bill Updated January 7, 2021 On December 22, Congress passed a massive $900 billion FY2021 Omnibus Appropriations and COVID-19 Relief Bill that included historic… December 22, 2020
News New EBA Fund Offers Critical Support to Six OFN Member Microlenders In early December, The Aspen Institute and the Microfinance Impact Collaborative announced the creation of the Entrepreneur Backed Assets (EBA) Fund, which will… December 21, 2020
News Philanthropist MacKenzie Scott Supports 24 OFN Member CDFIs in Latest Giving This past July, philanthropist MacKenzie Scott shared an update on her pledge to donate a majority of her wealth. She listed 116… December 16, 2020
News OFN Weighs in on CFPB’s Small Business Lending Data Collection Rule OFN recently submitted comments to the Consumer Financial Protection Bureau (CFPB) as part of the agency’s process to implement Section 1071 of the Dodd-Frank financial reform… December 15, 2020
News Congress Includes CDFI Provisions in Bipartisan COVID Relief Legislation As the year comes to a close, Congress continues to negotiate legislation to provide much-needed COVID relief but has yet to vote… December 15, 2020