Welcome to the Finance Fund Blog!On May 27, in Jackson, Ohio, my staff and I ventured to picturesque Jackson, Ohio, located in the Appalachian foothills, to celebrate the economic development success of another fruitful partnership—Ohio Basic Minerals.
Patrick McDonald, Ohio Basic Minerals CEO, and Jeff Schrader, founder of the original Schrader and Sons Sand and Gravel, spoke to the crowd of [...]
Finance Fund utilizes the New Markets Tax Credits (NMTC) program to fund many worthy projects in some of the most distressed areas of Ohio. In fact, as shared in previous posts, we have more than $50 million in NMTC for development projects throughout the state. We’ve had several NMTC success stories in the past few [...]
On February 19th I participated in a conference call in which senior Treasury officials provided remarks preceding a press release and fact sheet further supporting the inclusion of a New Markets Tax Credit program extension for 2010 & 2011 in the President’s proposed budget. “As part of the Administration’s strategy to restore prosperity and create [...]
On Wed., Feb. 3, Secretary of the Treasury Timothy Geithner announced that CDFI (Community Development Financial Institution) banks, thrifts and credit unions may now access funds from the Troubled Asset Relief Program (T.A.R.P.). This is part of the Obama Administration’s movement to support business lending by community development banks and development credit unions.
Mark Pinsky, President [...]
“Never awake me when you have good news to announce, because with good news nothing presses; but when you have bad news, arouse me immediately, for then there is not an instant to be lost.” – Napoleon Bonaparte
It was a busy week for our government leaders. President Obama made a stop here in the Buckeye [...]
This is a pretty important day in the history of Finance Fund. We learned this morning that we have been awarded $50 million in New Markets Tax Credits from the CDFI Fund in the U.S. Department of Treasury. The funding will be used to offer low-interest financing for projects that revitalize both urban and rural low-income [...]
This article appeared in the October 2009 edition of Smart Business News.
James R. Klein is a firm believer that every CEO needs a “Radar O’Reilly,” just like the one Col. Potter had on the old TV series, “M*A*S*H.” Radar was always there to deflect some of the less important obligations to allow his boss to [...]
I like to dress up. It’s very seldom that I don’t wear a coat and tie, which I believe is a piece of my past that continually pokes it head through my frame of reference. My maternal grandfather was English and a proper bloke. He came to the States at seventeen years old and never [...]
As some of you know, I’m fairly new to this leadership thing… I’ve only been doing it for about 30+ years. I am always interested to hear how others approach leadership, management and productivity issues in their organizations. This was a new one for me and I thought I’d share.
The Competitive Imperative of Learning (Harvard [...]
We all come naked from the womb, but most of us do not stay that way. Yet again I am amazed at the rhetoric flying about the airwaves and the halls of congress concerning the Shangri-La or inferno of revamping the U.S. health care system. It’s not the topic that is disconcerting but how the [...]
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