St. Paul-based CDFI Honored for Small Business Support in Twin Cities
What happened
The Latino Economic Development Center, based in St. Paul, was recognized with the Outstanding CDFI Award. Additionally, Andrew Crosson of Invest Appalachia received the Rising Star Award at the Opportunity Honors Award Ceremony. The Latino Economic Development Center moved quickly to protect small business livelihoods and keep neighborhoods intact when fear and disruption threatened small businesses across the Twin Cities.
From prnewswire.com
Why it matters
The recognition highlights the role of community development finance institutions in supporting local economies. The Latino Economic Development Center's actions were noted for helping stabilize small businesses in the Twin Cities during periods of disruption.
From prnewswire.com
Who's involved
- St. PaulLocation where the Latino Economic Development Center is based
- MinneapolisPart of the Twin Cities area where small business disruptions occurred
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- St. PaulSpeculative
Small businesses in St. Paul might see increased stability and funding from community development finance efforts.
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The entities involved
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St. Paul
town on the border of Russell and Wise Counties in Virginia
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Minneapolis
city in and seat of Hennepin County, and largest city in State of Minnesota, United States