New CDVCA Website Coming Soon!
Pacific Community Ventures (PCV) has released the report “Financing Social Innovation: Analyzing Domestic Impact Investing Policy in the United States.” This report offers a view into the intersection of federal policy and impact investing in the U.S. It includes a…
Governor Andrew M. Cuomo announced that New York State is launching a $2 million MWBE Investment Fund to provide seed financing to certified minority- and women-owned business enterprises. “The launch of this first-of-its-kind investment fund will help further increase opportunities…
During the First Innovative Enterprise Week in Riga, Latvia, the European Investment Bank (EIB) Group and the European Commission (EC) launched three new financial products to increase the competitiveness of innovative European companies under the initiative “InnovFin – EU Finance…
On June 15, the U.S. Treasury Department’s CDFI Fund announced that more than $3.5 billion in New Markets Tax Credit (NMTC) awards would aim towards spurring investment and economic growth in low-income urban neighborhoods and rural communities throughout the country.…
The CDFI Fund is sponsoring a great opportunity to learn about and receive training and assistance in forming and operating a Community Development Venture Capital (CDVC) fund. We are cooperating with our sister CDFI trade associations in providing a series…
The pace has begun to pick up on Fiscal Year (FY) 2016 Appropriations. On April 22nd, the House Appropriations Committee approved the 302 (b) allocations for the 12 appropriations subcommittees. For the Financial Services Subcommittee, the total available is $20.25 billion,…
Three members of the House Ways and Means Committee, including Congressmen Pat Tiberi (R-OH), Tom Reed (R-NY) and Richard Neal (D-MA), introduced a bill to permanently extend the New Markets Tax Credit (NMTC) Program. New Markets Tax Credit Extension Act of 2015…
President’s 2016 Budget Requests $233.5 million for Treasury’s CDFI Fund. This funding would extend the CDFI Fund’s efforts to spur economic development and job growth in underserved communities. The requested amount includes $157.5 million for the Community Development Financial Institutions…
Today the U.S. National Advisory Board on Impact Investing (NAB) named Darren Walker, President of the Ford Foundation, as the new Chair, joining the leadership team that includes Matt Bannick, Managing Partner at Omidyar Network, and Tracy Palandjian, CEO of…
New Markets Tax Credits (NMTC) gets one year extension with $3.5 billion in annual credit authority provided for 2014 as a part of the one-year retroactive tax extender bill. The NMTC had expired at the end of 2013 and passage…