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Beyond Small Businesses: Building Communities

Beyond Small Businesses: Building Communities. 2011 2 nd Fellowship Workshop: “ Everything You Ever Wanted to Know to Make Community Development Happen”, Kansas City, MO. Conversational Outline. CDCs and Commercial Corridors Community Development Venture Capital

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Beyond Small Businesses: Building Communities

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  1. Beyond Small Businesses: Building Communities 2011 2nd Fellowship Workshop: “Everything You Ever Wanted to Know to Make Community Development Happen”, Kansas City, MO

  2. Conversational Outline • CDCs and Commercial Corridors • Community Development Venture Capital • Resources for Small Business Development • Take Aways

  3. CDC’s and Commercial Corridors • In many urban and some rural areas changing demographics may result in CDC’s or CBO’s having to get involved in direct commercial revitalization to ensure neighborhood stability and safety • Usually CDC’s and CBO’s work in partnership with other developers to ensure community input

  4. CDC Role in Commercial Corridors • Some CDC’s… • Undertake a project of scale • Will become the primary developer of commercial revitalization. • Work in partnership with other non-profits to spur commercial development • Become commercial property developers and lease redeveloped spaces out to local small businesses

  5. Community Development Venture Capital • CDVC funds are not widespread as they require a significant ability to manage funds and especially risk capital • CDVC funds usually target a region or industry within which they want to make an impact • Primarily those industries that create livable wage jobs and help owners grow their enterprises

  6. Consider these resources • Private Organizations/Foundations • Opportunity Finance Network www.opportunityfinance.net • Association for Enterprise Opportunity www.microenterprisework.org • Center for Enterprise Development www.cfed.org • Kaufman Foundation

  7. Consider these resources • Federal Resources • U.S. Department of Agriculture www.usda.gov • U.S. Department of Treasury www.cdfifund.gov • U.S. Small Business Administration www.sba.gov • U.S. Department of Housing and Urban Development

  8. Questions?

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