Mountain BizWorks has been awarded $300,000 from the U.S.
Department of the Treasury’s Community Development Financial Institutions
(CDFI) Fund.
This grant is intended to help Mountain BizWorks secure investments
of private loan capital from individuals and institutions in Western North
Carolina. Mountain BizWorks uses investments of loan capital to make
loans to emerging and existing small businesses.
According to CEO Shaw Canale, “This grant will provide
necessary leverage to allow us to raise additional loan capital from local and
regional supporters – those people and institutions interested in supporting
our local communities while earning a financial and social return on their
investment.”
The U.S. Department of the Treasury’s CDFI Fund Director
Donna Gambrell announced the CDFI Fund awards on Monday. The 2012 awards,
which total over $186 million, represent the largest single announcement of
award dollars and award recipients in the CDFI Fund’s history. Mountain
BizWorks is one of 210 recipients from across the country, and one of five in
North Carolina.
The awards underscore the U.S. Department of the Treasury’s
commitment to revitalizing economic and community development across the
country.
According to Senator Richard Burr (NC), “This award is
critical to the growth of our Western North Carolina communities and to
building a strong, robust economy.”
Individuals who are interested in learning more about
investing in Mountain BizWorks can visit www.mountainbizworks.org
or call Shaw Canale or Nathan Harlan at (828) 253-2834,
ext. 12 or 14.
No comments:
Post a Comment