We are thrilled to announce that the Community Development Venture Capital Alliance (CDVCA) has been awarded a $20 million New Markets Tax Credit (NMTC) allocation by the U.S. Department of Treasury’s Community Development Financial Institutions Fund. CDVCA’s investment strategy is…
CDVCA has launched the national Unlock Capital program to help high-growth entrepreneurs become ready to raise capital to fuel their development and success. The program offers a suite of services, including education, technical assistance, and mentoring for businesses seeking high-level…
CDVCA is please to announce our follow-on investment in 88 Acres, a Canton, Massachusetts-based company co-founded and led by CEO Nicole Ledoux and President Rob Dalton. 88 Acres is a leader in the healthy snacks industry, offering allergy-friendly products made from…
CDVCA is pleased to announce our investment in OpConnect, a Portland, Oregon-based company at the forefront of the electric vehicle (EV) charging industry. OpConnect delivers advanced, user-friendly EV charging stations and network solutions that are driving the expansion of EV…
CDVCA is pleased to announce our investment in Global Polymer Industries, Inc., a leader in the design and manufacturing of high-performance industrial parts. Their innovative and sustainable production process efficiently creates ultra-high molecular weight polyethylene (UHMW-PE) components that are exceptionally…
CDVCA’s Kerwin Tesdell and Julian Wood attended the CDFI Institute, the annual conference of the CDFI Coalition, in Washington, DC on March 15 & 16, 2023. The Coalition is the advocacy organization for the CDFI industry, including community development venture…
Last week CDVCA hosted an event about the State Small Business Credit Initiative – SSBCI – How to Raise Capital and Engage with the $10B Treasury Program. Karl Fooks, Outreach Manager, US Treasuries SSBCI Program, and a specialist and SSBCI VC Fund Technical Expert, presented CDVCA Peer Group fund managers with…
We were in touch with several CDVCA member funds this weekend whose portfolio companies have deposits at Silicon Valley Bank, or even have deposits there themselves. It has been stressful for many portfolio companies and their employees, as well as for the…
The CDFI Fund has announced the launch of the new CDFI Certification Application will be postponed beyond the previously announced April 2023 timeline. The current pause on CDFI Certification Application submissions will remain in effect during this time. The CDFI…