Monthly Archives: April 2017
Small businesses are more successful getting credit from CDFIs, credit unions, and small banks than from large banks, according to the 2016 Small Business Credit Survey published this week by the 12 Banks of the Federal Reserve System. The report confirms a trend that goes back at least to 2010. The report found that business with […]
After President Trump’s proposed “skinny budget” calling for deep cuts in line with Heritage Foundation recommendations fell flat in Congress, the Administration is going another route. Today the White House plans to direct staff cuts across the board among domestic federal programs while increasing staffing at defense and military agencies.
I have long wondered if a major foundation could become a CDFI–or, more generally, what a foundation could achieve if it used its endowment as leverage for debt and other types of investments. Wouldn’t that be something? This morning, the Ford Foundation announced that it will use $1 billion of its endowment over 10 years […]