Embed Size (px)
Citation preview
Webinar Series: Forward Momentum
@MissionInvest
www.missioninvestors.org#MIElive
Unlocking Investment in Rural America:
A Systemic Approach to Partnership for Impact
@MissionInvest
www.missioninvestors.org#MIElive
You are currently muted by default.
To ask questions, please go to the Q&A option at the
top left corner.
There will be a survey following the webinar. Your
feedback will help us to better our future
programming.
3
This webinar is being recorded.
@MissionInvest
www.missioninvestors.org#MIElive
Bill Bynum
CEO
Hope Enterprise Corporation
@HopeCUbill
Justin Maxson
Executive Director
Mary Reynolds Babcock Foundation
@justindmaxson @mrbf_org
Lisa Mensah
Under Secretary for Rural Development
United States Department of Agriculture
@usdaRD
Melanie Audette
Senior Vice President
Mission Investors Exchange
@melaudette @MissionInvest
4
@MissionInvest
www.missioninvestors.org#MIElive
Public Partner
Private Partner
Philanthropic Partners
United States Department of Agriculture
Bank of America
Bank of America Foundation
Ford Foundation
Heron Foundation
JP Morgan Chase Foundation
Mary Reynolds Babcock Foundation
Northwest Area Foundation
Winthrop Rockefeller Foundation
5
@MissionInvest
www.missioninvestors.org#MIElive 6
CDFI Locator (Opportunity Finance Network)http://ofn.org/cdfi-locator
@MissionInvest
www.missioninvestors.org#MIElive 7
What is a CDFI?
- Private financial institutions
- Primary mission of promoting community development
- Help low-income and low-wealth communities
Community Development Banks
Community Development Credit Unions
Community Development Loan
Funds
Community Development
Venture Capital Funds
Four sectors of the CDFI Industry
@MissionInvest
www.missioninvestors.org#MIElive 8
Campaign to Tackle Persistent Poverty
* Counties are defined as
being persistently poor if
20% or more of their
populations were living in
poverty over the last 30
years.
@MissionInvest
www.missioninvestors.org#MIElive 9
Implications of Persistent Poverty
@MissionInvest
www.missioninvestors.org#MIElive
Community Lenders
(CDFIs)
$22M in private grants from foundation partners (Uplift America Fund)
$500M in long-term loans from USDA
$100M in guarantees from private banks
Rural
Communities
(Schools,
Health Clinics,
Childcare
Facilities,
etc.)
10
@MissionInvest
www.missioninvestors.org#MIElive
AL: United Bank
AR: Southern Bancorp Community Partners
AZ: Prestamos CDFI
CA: Rural Community Assistance Corporation, Arcata Economic
Development Corporation
CO: First Southwest Bank
DC: Building Hope
DE: National Council on Agricultural Life & Labor Research Fund
KY: Kentucky Highlands Investment Corp, Federation of
Appalachian Housing Enterprises, Community Ventures
ME: Coastal Enterprises
MS: Hope Enterprise Corporation, Hope Credit Union
MT: Montana & Idaho Community Development Corporation,
Farmers State Bank
NC: North Carolina Community Development Initiative Capital,
The Support Center
NY: Local Initiative Support Corporation
OK: Citizen Potawatomi Community Development Corporation
SC: South Carolina Community Loan Fund
SD: Rural Electric Economic Development, Dakota Resources
TX: CEN-TEX Community Development Corporation
WA: Craft3, Rural Community Development Resources
11
@MissionInvest
www.missioninvestors.org#MIElive 12
Membership Orientation WebinarTuesday, January 24th, 11AM Pacific Time
Thank you for participating in this webinar!
To stay up-to-date on our future webinars and programs, sign up for our mailing list or follow us on Twitter @MissionInvest!
Upcoming program
Interested in joining Mission Investors Exchange, contact Maggie Cutts at [email protected].
