The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Bank of Chicago (FRB of Chicago) will host a webinar featuring three Community Development Financial Institutions (CDFIs) that will provide an overview of their products and services. Findings from the Federal Reserve’s 2023 Small Business Credit Survey will be presented. Learnings from the Demystifying Underwriting Project, designed to understand and address small business owner attitudes on debt, will be discussed. In addition, attendees will hear examples of how financial institutions partner with CDFIs to serve underserved entrepreneurs. Discover how Community Reinvestment Act (CRA) strategies can increase investments, loans, or services in Indiana's low- and moderate-income (LMI) communities and communities of color.
Presenters:
- Phil Black, Executive Director, Community Investment Fund of Indiana
- Brad McConnell, CEO, Allies for Community Business
- Charlie Mercer, Director of Community Lending, Indianapolis Neighborhood Housing Partnership
- Marshawn Wolley, President and CEO, Black Onyx Management
- Garvester Kelley, Principal Community Development Specialist, FRB-Chicago
- Robin Newberger, Policy Advisor, FRB-Chicago
- Jordan Agan, Senior Compliance Examiner, FDIC
- Samantha Sherrod, Community Affairs Specialist, FDIC
When:
Tuesday, December 3, 2024 from 10:00 AM to 11:30 AM ET
Where:
Webinar, Webex, registration information below.
Who should attend:
Representatives from financial institutions, including executives, loan officers, and those who oversee CRA, community development, or financial products; CDFIs; chambers of commerce; non-profit organizations and other community-based organizations; state and local government; and other stakeholders interested in the availability of small business financing for underserved entrepreneurs to promote economic inclusion and mobility.
Registration Information:
To register online, click REGISTER and fill out the needed information. You will receive a confirmation email once completed.
Contact Information:
If you have any questions about the event, please email Samantha Sherrod at ssherrod@fdic.gov.
Additional Resources:
- Fed Small Business Credit Survey
- FDIC Money Smart for Small Business
- Fed Communities: Project Highlights Factors that Influence Black Business Owners’ Attitudes about debt
- FDIC Strategies for Community Banks to Develop Partnerships with CDFIs