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Seattle Investment Fund LLC
Seattle WACDFI Awards for Seattle Investment Fund LLC
NMTC (2009) - $40,000,000
The City of Seattle created the Seattle Investment Fund LLC to help revitalize Seattle’s Low Income Communities. The CDE will use NMTCs to help achieve three primary goals: (1) to support catalytic projects that leverage other public investments; (2) to fill financing gaps caused by the contraction of credit in the real estate and business financing markets; and (3) to promote the development of small businesses. The City will structure NMTC financing as a leveraged debt/equity product providing end-users with permanent equity or a reduced interest rate debt product in which the end-user will receive loans with rates as low as 50 percent below-market rate. Products will be provided with terms more favorable than conventional financing.
Other Community Development Financial Institutions in Washington
City of Everett CDE LLC
Everett
Community Funding Group
Seattle
Express Credit Union
Seattle
HomeSight
Seattle
Kitsap County NMTC Facilitators I, LLC
Silverdale
Lummi Commercial Company
Bellingham
Neighborhood Assets
Spokane
Quinault Indian Nation
Taholah
The Pathfinder Fund, LLC
Yacolt
The Union Credit Union
Spokane
Featured Government Grant Resources
Department of Agriculture: Value Added Producer Grants
The Value-Added Producer Grants program is geared towards helping the Independent Producers of Agricultural Commodities, Agriculture Producer Groups, Farmer and Rancher Cooperatives, and Majority-Controlled Producer-Based Business Ventures in developing techniques that would create marketing opportunities and establish business plans involving viable marketing opportunities that involve the production of bio-based products from agricultural commodities.
Historically Underutilized Business Zones - HUBZone Empowerment Contracting Program
The Small Business Administration has established the Historically Underutilized Business Zones (HUBZone) Empowerment Contracting Program wherein they aim to provide federal contracting assistance to eligible small business corporations which are located in underutilized business zones so as to improve their employment opportunities, investments, and their area's economic development.
Social Entrepreneurship
Spotlight
New Vineyard Philanthropy Group Supports Island Youth
MVYouth, a newly formed Vineyard philanthropy group with a mission to support Island youth, will pledge $4 million over the next four years to a diverse set of youth causes.
