Press Release: TREASURY ADDS TO LOAN FUND
Date: April 12, 2018
(305) 379-7070 Ext. 205
MIAMI, FL (April 12, 2018)
Miami, FL (April 12, 2018) –The US Treasury Department’s Community Development Financial Institutions Fund has awarded $630,000 to the Miami Bayside Foundation to spur economic growth through its loans to minority-owned businesses in the City of Miami. Using its award programs, the federal fund says, it supports financial institutions recognized for their expertise in providing service and support to low-income communities, as organizations leverage the fund’s grants to draw in new or increased sources of private funding. The Miami Bayside Foundation says it has lent more than $2.8 million to minority-owned businesses in the city, creating more than 350 jobs and providing technical assistance to more than 250 business owners.