Community Reinvestment Fund, USA (CRF) and ProsperUs Detroit, a Detroit-based nonprofit Community Development Financial Institution (CDFI), are partnering to announce a new initiative designed to support Wayne County’s small business landscape. Through this strategic partnership and grant support from the CDFI Fund’s CDFI Equitable Recovery Program (CDFI ERP), ProsperUs Detroit is launching a new loan […]
Marketing
Community Reinvestment Fund, USA Elects Jie Wang to its Board of Trustees
Community Reinvestment Fund, USA (CRF) is excited to announce that it recently elected Jie Wang to its Board of Trustees. Jie has more than 25 years of experience in new business creation, strategic planning, product marketing, and business operations. She is currently launching a fintech services start-up company focused on effectively investing in economic development […]
Andrew Kossowski Named SBA South Florida District and State of Florida Veteran Business Owner of the Year
We’re excited to share that Veterans Metal owner Andrew Kossowski was named the 2024 South Florida District and State of Florida Veteran Business Owner of the Year by the U.S. Small Business Administration (SBA). Located in Largo, FL, Veterans Metal is a metal finishing manufacturing business providing corrosion-control on stainless steel parts. Andrew, a U.S […]
Tamiko Bailey Wins SBA Small Business Person of the Year in the State of Texas
We’re excited to share that Tamiko Bailey, president and CEO of Bailey’s Premier Services, was named the 2024 Small Business Person of the Year in the state of Texas by the U.S. Small Business Administration (SBA). This week, Tamiko and winners representing other states were recognized in Washington D.C. at the SBA’s National Small Business […]
Community-Centered COVID-19 Recovery Program
The economic impact of covid-19 has been unprecedented and is crushing community-based organizations. Smaller, community-level organizations – many of which operate in low income communities and are led by people of color – were already suffering from decades of discrimination prior to COVID, resulting in lack of access to affordable capital and an insufficient safety net. […]
Chicago Contractor Initiative: A Research Study
As Chicago and cities across the nation are blossoming from a downtown building boom, how can small construction contractor businesses working on residential homes and commercial storefronts in local neighborhoods take advantage of this newfound growth? In order to drive local wealth creation through small business support, CRF and its stakeholders have created a report […]
Assessing Chicago’s Small Business Ecosystem
Read Assessing Chicago’s Small Business Ecosystem, an in-depth market assessment and recommendations on how to address challenges and increases opportunities for Chicago’s diverse small businesses.
NYC SBS Opportunity Fund
The result of a partnership between the City of New York, Goldman Sachs, Mastercard Center for Inclusive Growth, local Community Development Financial Institutions CDFIs, and CRF, the New York City Small Business Opportunity Fund (NYC SBS) launched in January 2023. Through the $75 million program, local community lenders provided loans ranging from $2,000 to $250,000 […]
