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Robert Boyle from Justine Petersen talks about CDFIs

CDFIs: Supporting Underserved Communities

Mary introduced Robert Boyle from Justine Peterson, a CDFI in St. Louis, to discuss the importance of CDFIs for startups. Robert explained that CDFIs, or Community Development Financial Institutions, were established by the U.S. Department of Treasury in the mid-90s to assist underserved communities and business owners. He mentioned that CDFIs come under the CDFI Fund and can provide various financial services, including New Market Tax Credits, to support community development and small businesses.

CDFI Funds for Small Businesses

Robert explained the role of CDFI funds, specifically Great Rivers Community Capital an ...