Development Corporation for Children
Minneapolis MNDevelopment Corporation for Children is a certified CDFI that was established in 1991 with a mission of a€œhelping children thrive and learn by forging relationships that bring economic power and viability to the business of childcare.a€ The Awardee provides loans to home-based childcare providers serving low-income families in the state of Minnesota. The applicanta€™s proposed activities create new and improved childcare opportunities for low-income families and promote business and job creation.
CDFI Awards for Development Corporation for Children
FA (2008) - $627,104
First Children’s Finance (FCF) is a certified CDFI established in 1991. FCF provides loans and grants to family child care providers and child care centers throughout Minnesota and also Michigan, Texas, Missouri, Kansas, South Dakota, North Dakota, and Iowa to increase the capacity of early care and education providers. FCF will use the FY08 Financial Assistance award of $574,311 to increase its lending capacity and will use the FY08 Technical Assistance grant of $52,793 to: 1) pay staff salary; 2) improve data impact and transaction reporting; 3) design and implement an updated website; and 4) purchase equipment to improve the technical assistance provided to borrowers.
TA (2004) - $81,500
Development Corporation for Children will use the award to obtain consulting services to assess economic impact and develop a marketing plan; staff training in market analysis; and technology improvements for the staff.
SECA (2002) - $200,000
The SECA award will be used to increase lending to childcare businesses and to support a study of the feasibility of the Awardee expanding its lending operations to neighboring states.
Other Community Development Financial Institutions in Minnesota
African Development Center
Minneapolis
CAPITAL CITY PROPERTIES
St. Paul
Community Reinvestment Fund, Inc
Minneapolis
Dakota Futures, Inc.
Morton
Development Corporation for Children
Minneapolis
Great Neighborhoods! Development Corp.
Minneapolis
Greater Minnesota Housing Fund
St. Paul
Habitat for Humanity of Minnesota, Inc.
Minneapolis
Indian Land Capital Company
Little Canada
Indian Land Tenure Foundation
Little Canada
Initiative Foundation
Little Falls
Leech Lake Band of Ojibwe
Cass Lake
Midwest Minnesota Community Development Corporation
Detroit Lakes
National New Markets Tax Credit Fund, Inc
Minneapolis
Neighborhood Development Center
St. Paul
Nonprofits Assistance Fund
Minneapolis
Northland Foundation
Duluth
Sparc
Saint Paul
University National Bank
St Paul
WomenVenture
St. Paul
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Childcare Charitable Group Named Top Social Enterprise
Employers For Childcare Charitable Group (EFCG), a Lisburn-based charity, has been crowned top Social Enterprise at the Ulster Final of 2014’s Ulster Bank Business Achievers Awards. EFCG seeks to “make it easier for parents with dependent children to get into work and to stay in work.”
