Category: Public Policy

CDVCA submits comments to the CDFI Fund

CDVCA submits comments to the CDFI Fund

CDVCA submitted comments to the U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund regarding the program application. To read CDVCA’s letter, visit the CDFI Fund website at www.cdfifund.gov/docs/cdfi/2012/PublicComments/CDVCA%20Letter%205%2018%202012.pdf

CDFI Fund releases public comments submitted for the New Markets Tax Credit (NMTC) Program

CDFI Fund releases public comments submitted for the New Markets Tax Credit (NMTC) Program

The U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) Fund posted to its website today the comments submitted in response to its Request for Public Comment regarding the New Markets Tax Credit (NMTC) Program. To read the rest of the press release, visit the CDFI Fund website at www.cdfifund.gov/news_events/CDFI-2012-08-CDFI-Fund-Releases-Public-Comments-Submitted-New-Markets-Tax-Credit-Program.asp  

Obama signs bill to promote start-up investments

Obama signs bill to promote start-up investments

The New York Times reported that President Obama, eager to promote his administration’s efforts to revive the job market on the eve of another politically significant employment report, signed a bill on Thursday that will roll back restrictions on the way start-up companies can raise money from individual investors. To read the rest of the…

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Getting venture capital back on track

Getting venture capital back on track

The American reported that the House and Senate recently passed the Jumpstart Our Business Startups (JOBS) Act, a piece of bipartisan legislation initiated by House Republicans that will help right the U.S. venture capital industry. To read the rest of the article, visit the American website at www.american.com/archive/2012/march/getting-venture-capital-back-on-track  

CDFI Fund releases application demand for the FY 2012 CDFI program funding round

CDFI Fund releases application demand for the FY 2012 CDFI program funding round

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that it received 403 applications for the fiscal year (FY) 2012 Community Development Financial Institutions Program (CDFI Program) funding round. This total includes 285 applications for Financial Assistance (FA) and 118 for Technical Assistance (TA). The number of applications is…

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US Treasury announces $3.6 billion in New Markets Tax Credit (NMTC) awards to revitalize low-income and distressed communities

US Treasury announces $3.6 billion in New Markets Tax Credit (NMTC) awards to revitalize low-income and distressed communities

Emphasizing the Obama Administration’s focus on economic recovery in distressed areas, U.S. Department of the Treasury’s Deputy Secretary Neal Wolin, joined by U.S. Senator Mary Landrieu, U.S. Representative Cedric Richmond, and Community Development Financial Institutions Fund (CDFI Fund) Director Donna J. Gambrell, today announced $3.6 billion in New Markets Tax Credit (NMTC) awards nationwide. Speaking…

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CDVCA comments on the New Markets Tax Credit (NMTC) Program

CDVCA comments on the New Markets Tax Credit (NMTC) Program

CDVCA is a strong advocate for regulatory reform that would make the New Markets Tax Credit (NMTC) more usable for investments in operating businesses, particularly for growth capital equity investments in rapidly growing companies of the type commonly made by venture capital funds. While the NMTC was originally intended to serve this purpose, certain mechanical…

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