CEI’s Vibrant Neighborhood Money Wins Chance Money Network’s UPCOMING Prize for Invention
PHILADELPHIA, Feb. 13, 2018 — prospects funds internet (OFN) right launched that CEI’s unique part, intense Community funds, is among one of five people on the NEW investment for Innovation (FOLLOWING THAT Fund), a pilot system that builds on a decade of uniqueness and affect influenced because well Fargo FOLLOWING prizes (NEXT prizes) for chance Finance. Formulated with assistance from Wells Fargo and Prudential economical, this program investments business items, merchandise, applications, or steps keeping to be able to travel transformational change and size in the community improvement lender (CDFI) market. The following Fund provides another cause of lasting financial obligation funds for area improvement financial institution creativity.
“Over this course of 10 years the NEXT honors moved CDFIs all set for level to attain their eyesight. Employing the UPCOMING Fund we accept and prize growing CDFI organization items, systems, or activities with great potential—bringing adaptable resources, most notably fairness and subordinated personal debt, into bet on a critical level. As a result of the subsequent Fund CDFIs can do the 10x influence that is needed to truly travel transformational alter,” explained Beth Lipson, OFN Treasurer and government vp, Strategic Initiatives. (more…)