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Office of Communications Rod Richardson Director of Communications Tel. 318.673.5008 / Fax: 318.673.5087 rod.richardson@shreveportla.gov | ||
The Department of Community Development is partnering with the National Development Council to bring the acclaimed Grow America Fund to Shreveport. | Details of the partnership will be made public at 11 a.m. Friday, March 8, at an invitation-only event at the Financial & Business Empowerment Center (Jewella Whitehouse), 2230 Jewella Ave. | The NDC is a leader in community and economic development training, consulting and small business lending. In addition to the Grow Shreveport Fund, NDC also will add expertise to other community-based projects initiated by the Department of Community Development. | The City will invest $500,000 into the fund, which will be significantly leveraged by NDC to create a pool of funding capable of supporting the capital needs of qualifying small businesses. A subsidiary of the NDC, The Grow America Fund is an economic development bank and Community Development Financial Institution that makes guaranteed loans for job generating and community development projects, with a focus on woman and minority-owned businesses. | NDC staff will not be on-site daily but will keep a regular schedule and be available to meet with interested borrowers. | -SHREVEPORT- | ### |
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