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Blog

Category: News

News

Netflix to Invest 2% of Cash Holdings in CDFIs and Other Organizations Serving Black Communities

Netflix Director of Talent Acquisition Aaron Mitchell and Director of Treasury Shannon Alwyn announced in a June 30 blog post that the company will…

June 30, 2020
News

CDFIs Outperform Other Paycheck Protection Program (PPP) Lenders

Updated July 8, 2020 August 8 is the new deadline for lenders to submit Paycheck Protection Program (PPP) applications on behalf of…

June 29, 2020
News

JPMorgan Chase Institute Releases Report on Early Impact of COVID-19 on Small Business

The JPMorgan Chase Institute has released research on the early impact of COVID-19 on small business finances—including cash balances, revenues, and expenses—during the…

June 24, 2020
News

Recap: 2020 Virtual Small Business Finance Forum

Updated July 7, 2020 On June 16 and 17, OFN held its ninth annual—but first-ever virtual—Small Business Finance Forum for more than…

June 22, 2020
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
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In accordance with federal laws and U.S. Department of the Treasury policy, this organization is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability. To file a complaint of discrimination, write to: U.S. Department of the Treasury, Director, Office of Civil Rights and Equal Employment Opportunity 1500 Pennsylvania Avenue, N.W., Washington, DC 20220; call (202) 622-1160; or send an e-mail to: [email protected].

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