GNH Community

nonprofits,local leaders & Grt.New Haven business sharing information

The Community Foundation is pleased to announce an innovative new loan program that provides relief and recovery resources to small businesses that have suffered disproportionate economic injury due to the COVID-19 pandemic.

The Partnership Loan Program for Minority- and Women-Owned Businesses in New Haven and the Lower Naugatuck Valley is a $1.5 million revolving loan pool created by a public-private partnership among The Community Foundation Mission Investments Company (TCF-MIC), the City of New Haven, the Amour Propre Fund and HEDCO Inc. The program will offer partially forgivable low-interest loans of up to $25,000 for qualifying businesses in New Haven, Derby and Ansonia.

Now more than ever, our community needs the infrastructure supports that provide access to alternative funding options previously obscured from minority and women entrepreneurs.

The Partnership Loan Program represents a crucial step forward in The Community Foundation's new strategic plan to create opportunity in neighborhoods and among communities that have historically suffered from disinvestment and exclusion. It is one of many innovative investments that TCF-MIC is prioritizing for minority-owned and women-owned businesses and part of its vision to broaden and deepen its relationships in the community.

In addition to providing immediate relief, the loan program will help business owners establish a credit history and plan for future sustainability and growth. Small business has long been a viable vehicle for economic mobility, especially among businesses that last for at least five years. By investing in minority-owned and women-owned small businesses, TCF-MIC aims to address racial and gender disparities by creating new avenues for building wealth.

“We’re talking about small businesses in neighborhoods in New Haven and Derby and Ansonia, each of which employs up to 20 people, each of which has families who depend on it. In terms of the life of this community and the neighborhoods in our community and our region, we think this can make a big difference," said The Community Foundation President and CEO Will Ginsberg.
Please help spread the word.  Download program details and share the application link with businesses you know. 
DOWNLOAD SPEC SHEET
LINK TO APPLICATION

Views: 74

Comment

You need to be a member of GNH Community to add comments!

Join GNH Community

Welcome (Bienvenido, Benvenuto, Powitanie, Bonjour! Willkomme,歡迎, ברוךהבא أهلا وسهلا, Bonvenon) to GNH Community. Traducción de esta página

Imagine. Inform. Invest. Inspire.

Working together to build a stronger community - now and forever

 

 

Neighborhoods: What is Working

Open Street Project

An Open Streets Family Reunion: Reflections from the 2018 Open Streets Summit

By Ryan O’Connor, Director of Programs, 8 80 Cities Recently 8 80 Cities wrote a blog post about open streets being a labour of love. That being the case, the 2018 Open Streets Summit in New Orleans felt like a family reunion of sorts. It was rejuvenating to see old and new friends who share our passion for open streets and are working tirelessly to create healthier, happier, and more connected communities across the world. The event, which took place on September 15-16, brought together more than 50 leaders who currently organize open streets programs or are interested in bringing the...

The post An Open Streets Family Reunion: Reflections from the 2018 Open Streets Summit appeared first on Open Streets Project.

Open Streets Summit Draft Agenda

We hope you are getting ready and feel excited about the Open Streets Summit in Gretna/New Orleans! Taking place from September 15-16, 2018, the Summit will feature tours, presentations and networking opportunities with open streets champions and organizers from across the continent. Attendees will learn about the nuts and bolts of starting or scaling up open streets programs, including: Route design and planning Partnerships with business and officials Social inclusion Safety and logistics Marketing and promotion Program evaluation through measurable goals and metrics If you haven’t done it yet, click here to register for the Open Streets Summit only or...

The post Open Streets Summit Draft Agenda appeared first on Open Streets Project.

Open Streets Summit Speakers Announced!

The Open Streets Project is proud to announce that Ed Solis from Viva Calle (San Jose, CA), Romel Pascual from CicLAvia (Los Angeles, CA), Jaymie Santiago and Charles Brown from New Brunswick Ciclovia will join us as speakers for the 2018 Open Streets Summit in New Orleans and Gretna! Taking place from September 15-16 2018, the Summit will feature: Behind the scenes tour of the City of Gretna’s inaugural open streets program. Workshops, presentations, and networking opportunities with open streets champions and organizers from across the continent. Training and inspiration for both -novice and experienced- open streets organizers and supporters...

The post Open Streets Summit Speakers Announced! appeared first on Open Streets Project.

Local Initiatives Support Corporation

Building the Skills & Confidence to Land a Good Job: One Woman's Journey

Volunteers of America Texas (VOATX) in Houston is one of more than 40 community-based partners nationwide using LISC’s Bridges to Career Opportunities model. LaSonya Bishop, VOATX’s Regional Director of Workforce, explores what it takes to help unemployed and underemployed people build their skills and find good-paying jobs – a task that is more challenging than ever with the pandemic. She does so through the lens of a Houston resident named Tamara, who overcame addiction and homelessness to graduate from a VOATX training program and get a job as a phlebotomist, which she has maintained since Covid-19 hit our shores. This is just one of many success stories catalyzed by LISC’s partnership with the Citi Foundation.

We Know How to Solve Philly’s Housing Crisis. We Just Need to Do It.

In an op-ed for Philadelphia's NPR affiliate, Andy Frishkoff, ED of LISC Philly, and Nilda Ruiz, a longtime LISC board member and director of Asociación Puertorriqueños en Marcha, explain how community engagement, combined with intensive investment from federal, state and local entities, can successfully address the affordable housing gap. The way is known; we need to activate the will. 

Building Economic Opportunities in Black Communities: A Netflix Webinar

ICYMI, LISC CEO Maurice A. Jones recently joined Bill Bynum, CEO of HOPE Credit Union, and Shannon Alwyn and Aaron Mitchell of Netflix, for a Netflix webinar on strategies to spark economic opportunity and wealth creation in Black communities. The wide-ranging conversation took place on the heels of a $25 million partnership from Netflix to LISC for investment in Black banks and other entities to ramp up economic activity that benefits Black communities.

© 2020   Created by Lee Cruz.   Powered by

Badges  |  Report an Issue  |  Terms of Service