Posts Tagged ‘Low Income Community’
written on April 24th, 2013 | by Tara Campbell
Small business owners and entrepreneurs often contact Finance Fund after they’ve been turned down for a traditional bank loan. We work hard to find ways to partner with traditional lenders and leverage grants and other forms of funding to make financing for these folks possible. It’s often difficult, complex work, but extremely rewarding. Finance Fund [...]
Tags: Capital, Columbus Chamber of Commerce, Community Health Loan Fund, Credit, Finance Fund, Low Income Community, neighborhoods, NMTC, Ohio Department of Development, SBA Community Advantage, SBA Intermediate Lending, Small Business lending, US Treasury Department
Posted in Finance Fund Partnerships, New Markets Tax Credit, Uncategorized | No Comments »
written on March 21st, 2013 | by James R. Klein
The demand for community-based health care services is high in Ohio. According to 2011 data from the US Department of Health and Human Services, community health centers in Ohio served nearly 500,000 patients who visited them nearly four times/year on average. About 75% are uninsured or on Medicaid. To help expand community health care services [...]
Tags: CHC, CHL Fund, Community Health Centers, dental care, economic challenges, economic development, Federally Qualified Community Health Center, FHQC, Finance Fund, Finance Fund Capital Corporation, funding for health care equipment, Funding for health care facilities, health care, Low Income Community, neighborhoods, Ohio Development Services Agency, PNC Bank, preventive health care services, primary care, The Greater Cincinnati Foundation, The HealthPath Foundation of Ohio, underinsured people, uninsured people, US Department of Health and Human Services
Posted in Healthcare, Uncategorized | No Comments »
written on January 23rd, 2013 | by James R. Klein
Finance Fund is pleased to award $12.8 million in federal and $2.56 million in state New Market Tax Credit (NMTC) financing to Ironville to expand operations at the Toledo Port’s Midwest Terminal. PNC New Markets Investment Partners, LLC, the investor, provided an additional $2.5 million federal allocation. The new construction project is located in a [...]
Tags: commerce, Community Development, economic development, Finance Fund, James Klein, Job creation, Low Income Community, New Markets Tax Credit, NMTC, PNC, St. Lawrence Seaway, Toledo Seaport
Posted in Community Development, Job Creation, New Markets Tax Credit, Uncategorized | No Comments »
written on August 14th, 2012 | by James R. Klein
Entrepreneurship and business development in any location under any circumstance can be extremely challenging. In Appalachian Ohio, the challenges are particularly difficult. Consider these statistics: • The 32 Appalachian counties in the southern and eastern parts of the state report 30% lower population density than the rest of the state as people move closer to [...]
Tags: Appalachia, Appalachian Small Business Resource Workshop, Athens, economic development, Finance Fund, funding, loans, Low Income Community, Ohio, Ohio Department of Development, Ohio University Innovation Center, US Small Business Administration
Posted in Appalachia, CDFI, Community Development, Finance Fund Partnerships, Job Creation, New Markets Tax Credit, Pre-Development Grants, Uncategorized | No Comments »
written on December 14th, 2011 | by James R. Klein
James Klein, Finance Fund CEO, has been elected to a seat on the Executive Committee of the New Markets Tax Credit Coalition (NMTCC). The 48-seat board is comprised of members from leading organizations that utilize NMTC, lending institutions, investors, and business professionals. Klein’s duties include advising on policy and regulatory issues that affect the use [...]
Tags: CDFI, Community Development Entities, Community Development Finance Institution, Congress, Finance Fund, James Klein, Jobs, Low Income Community, New Markets Tax Credit, NMTC, US Treasury Department
Posted in CDFI, Community Development, Job Creation, Leadership and Management, New Markets Tax Credit | No Comments »
written on October 13th, 2011 | by James R. Klein
There has been continuous talk about the job issues America has been facing. When factoring in underemployment, it has been reported our nation is at a 16% unemployment rate. Why is this happening? Who is responsible? How do we create more jobs? What can we do?
Tags: Economic development grants, Finance Fund, ILP programs, Job creation, Labor Board, local business, Low Income Community, New Markets Tax Credit, Predevelopment grants
Posted in Community Development, Job Creation, New Markets Tax Credit, Pre-Development Grants | No Comments »
written on May 24th, 2011 | by James R. Klein
On May 12, we celebrated with over 200 guests, including partners, investors and legislators, the revitalization work that Finance Fund accomplished in Ohio communities in 2010. The 22nd Annual Reception was an evening full of opportunities to reflect on the past year’s work and look forward to the projects to come. Our theme for 2010 [...]
Tags: Finance Fund, James Klein, Low Income Community, neighborhoods, New Markets Tax Credit
Posted in Community Development, Finance Fund Partnerships, New Markets Tax Credit | No Comments »
written on October 21st, 2010 | by Jennifer Deuber
Ohio Department of Development Director Lisa Patt-McDaniel today announced that $10 million in Ohio New Markets Tax Credits are being made available to four Ohio entities, including Finance Fund, to spur economic investments of at least $25.6 million across Ohio. The program helps finance business investments by providing state tax credits to investors for below-market-rate [...]
Tags: Finance Fund, Jobs, LIC, Low Income Community, New Markets Tax Credit, NMTC, Ohio Department of Development, State of Ohio, stimulus, tax credits
Posted in Community Development, New Markets Tax Credit | No Comments »
written on October 21st, 2010 | by James R. Klein
On October 7-8, 2010, key staff joined the Finance Fund board of directors for a retreat held at the Clarence D. Lumpkin Point of Pride Building in Columbus. A Finance Fund New Markets Tax Credit project in 2007, the location perfectly punctuated one of the overall retreat goals, which was to allow the board of [...]
Tags: Community Development Entities, Finance Fund, Jobs, Low Income Community, New Markets Tax Credit, NMTC, tax credits
Posted in Community Development, Finance Fund Partnerships, Leadership and Management, neighborhoods, New Markets Tax Credit | No Comments »
written on May 25th, 2010 | by James R. Klein
This week we’re seeing our mission and values come to life as we celebrate another success story. Ohio Basic Minerals (OBM), a sand and gravel company in Appalachia’s Jackson, Ohio, is holding their grand re-opening Thurs., May 27. OBM is celebrating its newly expanded and revitalized facility. The project created 35 construction jobs, retained seven [...]
Tags: economy, expansion, Finance Fund, Finance Fund Capital Corporation, Jobs, Low Income Community, New Markets Tax Credit, NMTC, OBM, Ohio Basic Minerals, Ohio Department of Development, revitalization, sand, State of Ohio
Posted in Community Development, Finance Fund Partnerships, New Markets Tax Credit | No Comments »
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