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Can EITC be a tool for poverty alleviation or wealth building in Fairhill? purpose

Jan. 11, 2021 11:09 am

Can EITC be a tool for poverty alleviation or wealth building in Fairhill?

“We need to develop systems to ensure warm and effective connectivity between the free tax prep and the comprehensive set of public benefits, subsidies, supports, and resources," says Will Gonzalez, executive director of Ceiba.
A ‘hub’ for immigrant entrepreneurs is opening in Mt. Airy purpose

Feb. 2, 2016 2:36 pm

A ‘hub’ for immigrant entrepreneurs is opening in Mt. Airy

The Philadelphia Immigrant Innovation Hub is laying the groundwork for an immigrant-centered, place-based solution to economic development.
Mt. Airy USA just named its new ED, Brad Copeland people

Aug. 11, 2015 1:14 pm

Mt. Airy USA just named its new ED, Brad Copeland

Community development nonprofit Mt. Airy USA has named Brad Copeland as its new executive director, following the departure of Anuj Gupta to Reading Terminal Market in June. Previously Mt. Airy USA’s Director of Real Estate Development, Copeland served as interim executive director for the past two months. “We’re thrilled that Brad will be stepping into […]
FINANTA Seeks to Make Banking Local in South Kensington purpose

May 22, 2015 11:11 am

FINANTA Seeks to Make Banking Local in South Kensington

Until 2011, the Borinquen Federal Credit Union offered residents of South Kensington a local banking option where they could open a savings account, apply for a loan, or seek financial assistance, all in their own neighborhood. Then the 35-year-old institution ran into some financial and legal trouble, ranging from mismanagement to outright fraud.The National Credit […]
FINANTA CDC to Develop Affordable Commercial Properties in North Philadelphia purpose

Jul. 22, 2014 1:19 pm

FINANTA CDC to Develop Affordable Commercial Properties in North Philadelphia

Netti Laundromat, 2530 N. 2nd Street, renovated by the newly-established FINANTA CDC North Philadelphia-based community lender FINANTA has long taken an approach to neighborhood revitalization that focuses on asset-building — or helping individuals develop their capacity to get the resources they need to thrive. FINANTA has done this by providing business loans, mortgages, counseling and […]
Event: SBN Networking Event–Connect to Local Capital purpose

Jul. 14, 2014 11:36 am

Event: SBN Networking Event–Connect to Local Capital

Join the Sustainable Business Network for its networking event, Connect to Local Capital, to chat with representatives from local financial institutions to learn more about funding possibilities for your business. At the event, on Wednesday, July 16 at CityCoHo, participants will be able to learn how to can gain access to locally-owned and managed banks, lending […]
Event: The Solidarity Economy people

Jun. 12, 2014 11:20 am

Event: The Solidarity Economy

The Philadelphia Area Cooperative Alliance and Cabot Creamery Cooperative are partnering once again to bring together people and organizations who are interested in the solidarity economy. This even marks a step in the direction of cross-sector collaboration. While many events in the Greater Philadelphia area that highlight the principles of solidarity primarily consist of organizations […]
CDFI Finanta Brings Capital and Credit-Building to Low-Income Communities people

Mar. 25, 2014 11:55 am

CDFI Finanta Brings Capital and Credit-Building to Low-Income Communities

Flag outside of Finanta’s offices in South Kensington Finanta, a community lender located in South Kensington, provides loans and financial counseling to low-income communities throughout Philadelphia. The organization believes that these communities need better access to capital, and to get that access they need to build their credit and increase their financial knowledge. “For the […]
Community Lender PUFC Closes, Passes Torch to FINANTA method

Nov. 21, 2013 4:00 pm

Community Lender PUFC Closes, Passes Torch to FINANTA

The Philadelphia Urban Finance Corporation (PUFC) closed its doors in 2012 and transferred its assets to Finanta, a community development financial institution (CDFI) based in North Philadelphia.The $550,000 amount will go towards loans for affordable housing developments in the region. PUFC was in operation for 38 years, and it administered over $50 million in interest-free […]