-
Save the date for SSTI's 2024 Annual Conference
Join us December 10-12 in Arizona to connect with and learn from your peers working around the country to strengthen their regional innovation economies. Visit ssticonference.org for more information and sign up to receive updates.
-
As the most comprehensive resource available for those involved in technology-based economic development, SSTI offers the services that are needed to help build tech-based economies. Learn more about membership...
-
Subscribe to the SSTI Weekly Digest
Each week, the SSTI Weekly Digest delivers the latest breaking news and expert analysis of critical issues affecting the tech-based economic development community. Subscribe today!
Treasury awards $1.25 billion to CDFIs; $9.4M for those certified as VC funds
Earlier this week, the U.S. Treasury’s Community Development Financial Institutions (CDFI) Fund announced $1.25 billion in coronavirus-related “rapid response” funding to 863 CDFIs. Among the recipients were SSTI members Launch NY and Vermont Sustainable Jobs Fund. The awards included a total of $9.4 million to seven CDFIs certified as venture capital funds; as of FY 2019, just 14 CDFIs were certified as venture capital funds, out of 934 in total (note that a fund’s certification status does not necessarily signify how the CDFI will use a new award). The full list of awards can be found here (xlsx). To receive funding through the CDFI Fund, organizations must first become a certified CDFI. Learn more at cdfifund.gov.
cdfi