Webinar Series: Forward Momentum
Unlocking Investment in Rural America: A Systemic Approach to Partnership for Impact @MissionInvest #MIElive www.missioninvestors.org
You are currently To ask questions, please go There will be a survey This webinar is muted by default. to the Q&A option at the following the webinar. Your being recorded. top left corner. feedback will help us to better our future programming. @MissionInvest #MIElive 3 www.missioninvestors.org
Melanie Audette Bill Bynum Senior Vice President CEO Mission Investors Exchange Hope Enterprise Corporation @melaudette @MissionInvest @HopeCUbill Lisa Mensah Justin Maxson Under Secretary for Rural Development Executive Director United States Department of Agriculture Mary Reynolds Babcock Foundation @usdaRD @justindmaxson @mrbf_org @MissionInvest #MIElive 4 www.missioninvestors.org
United States Public Partner Department of Agriculture Private Partner Bank of America JP Morgan Chase Philanthropic Bank of America Foundation Foundation Partners Winthrop Rockefeller Mary Reynolds Ford Foundation Foundation Babcock Foundation Northwest Area Heron Foundation Foundation @MissionInvest #MIElive 5 www.missioninvestors.org
CDFI Locator (Opportunity Finance Network) http://ofn.org/cdfi-locator @MissionInvest #MIElive 6 www.missioninvestors.org
Four sectors of the CDFI Industry What - Private financial institutions is a CDFI? Community Community Development - Primary mission of promoting Development Banks Credit Unions community development Community Community - Help low-income and low- Development Development Loan wealth communities Venture Capital Funds Funds @MissionInvest #MIElive 7 www.missioninvestors.org
Campaign to Tackle Persistent Poverty * Counties are defined as being persistently poor if 20% or more of their populations were living in poverty over the last 30 years. @MissionInvest #MIElive 8 www.missioninvestors.org
Implications of Persistent Poverty @MissionInvest #MIElive 9 www.missioninvestors.org
$22M in private grants from foundation partners (Uplift America Fund) Rural Communities $500M in long-term loans Community (Schools, from USDA Lenders Health Clinics, Childcare (CDFIs) Facilities, etc.) $100M in guarantees from private banks @MissionInvest #MIElive 10 www.missioninvestors.org
AL : United Bank AR : Southern Bancorp Community Partners AZ : Prestamos CDFI CA: Rural Community Assistance Corporation, Arcata Economic Development Corporation CO : First Southwest Bank DC : Building Hope DE: National Council on Agricultural Life & Labor Research Fund KY: Kentucky Highlands Investment Corp, Federation of Appalachian Housing Enterprises, Community Ventures ME : Coastal Enterprises MS: Hope Enterprise Corporation, Hope Credit Union MT: Montana & Idaho Community Development Corporation, Farmers State Bank NC : North Carolina Community Development Initiative Capital, The Support Center NY : Local Initiative Support Corporation OK : Citizen Potawatomi Community Development Corporation SC: South Carolina Community Loan Fund SD: Rural Electric Economic Development , Dakota Resources TX: CEN-TEX Community Development Corporation WA : Craft3, Rural Community Development Resources @MissionInvest #MIElive 11 www.missioninvestors.org
Thank you for participating in this webinar! Upcoming Membership Orientation Webinar program Tuesday, January 24 th , 11AM Pacific Time Interested in joining Mission Investors Exchange, contact Maggie Cutts at mcutts@missioninvestors.org. To stay up-to-date on our future webinars and programs, sign up for our mailing list or follow us on Twitter @MissionInvest! @MissionInvest #MIElive 12 www.missioninvestors.org
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