News Google Announces New $50 Million Investment in CDFIs and Black Community On June 17, Alphabet and Google Sr. Vice President & CFO Ruth Porat published a blog post regarding the company’s commitment to helping small businesses… June 18, 2020
News OFN Announces First Round of Google Loans and Google.org-funded Grants On June 17, OFN announced the first round of Grow with Google Small Business Fund loans and grants funded by Google.org. Five… June 17, 2020
News Pennsylvania CDFIs to Administer $225 Million in Grants to Small Businesses Impacted by COVID-19 On June 8, Pennsylvania Governor Tom Wolf announced a $225 million statewide grant program to support small businesses impacted by the COVID-19… June 9, 2020
News CDFI Locator Sees 336% Increase in Traffic Amid Pandemic The CDFI Locator (Locator) is a valuable resource for finding CDFIs that can fulfill a wide range of specific needs for people and communities… June 9, 2020
News $10 Billion Set Aside for CDFIs to Make PPP Loans; Increased PPP Flexibility Enacted into Law The Treasury Department and SBA made an announcement on May 28 to set aside $10 billion of round two Paycheck Protection Program (PPP) funding exclusively for Community… June 8, 2020
News OCC Releases Final Community Reinvestment Act Rule On May 20, the Office of Comptroller of the Currency (OCC) released its final Community Reinvestment Act (CRA) rule just six weeks after the… May 21, 2020
News PPP Reports Released, New Court Ruling on Borrower Eligibility Recently two reports on the Paycheck Protection Program (PPP) were released. In addition, a U.S. District Court in Michigan ruled that the… May 19, 2020
News OFN Testifies at House Small Business Committee Virtual Forum On May 13, the House Small Business Subcommittee on Economic Growth, Tax, and Capital Access held a virtual forum for their members on the… May 19, 2020
News OFN and St. Louis Fed Launch New CDFI Connect Research Community OFN is excited to announce the launch of its newest community on our CDFI Connect virtual platform! Spearheaded by OFN’s Lance Loethen in partnership with Michael Eggleston of the… May 19, 2020