Press Release:  TREASURY ADDS TO LOAN FUND  

Date:  April 12, 2018

Media Contact:

Alison Grewe

MBF

(305) 379-7070 Ext. 205

Miami Today

MIAMI, FL (April 12, 2018)

TREASURY ADDS TO LOAN FUND

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.