You're using an outdated browser. For the BECDD website to function properly, please update your browser to a modern browser.

Otherwise, dismiss this message and view the BECDD website (but things won't look right.)

Progress Dashboard

Where have we been?

Where have we been?

Where are we now?

Phase 1 Phase 2 Phase 3

Phase 1 (2016)

We recruited stakeholders to analyze the problem, created a beginning set of system elements, and began considering a framework for a Detroit community development system.

Phase 2 (2017-2018)

We formed an Advisory Council, conducted extensive research resulting in a specific set of challenges and created Task Forces to respond to those challenges and develop test-projects for most of the elements.

Phase 3 (2019-2020)

Stakeholders will champion elements of the system, working closely with CDOs and GROs, by “test-piloting” project ideas:

  • Coordination of Capacity Building Services
  • Community Development Career Navigation Model
  • Neighborhood Vitality Success Framework
  • Neighborhood Voice and Advocacy Framework
  • At least two city-CDO funded partnerships

Simultaneously we will:

  • Activate the System Capitalization element
  • Establish a governance/oversight structure
  • Develop a process to resolve CDO coverage for all neighborhoods
Close
Share this event:
  • This event has passed.

Capital Impact Partners and CDC Small Business Finance’s New Alliance

August 31, 2020

Capital Impact Partners and CDC Small Business Finance — the nation’s leading mission-based small business lender — are excited to announce a new alliance that will allow the organizations to create change that neither could accomplish independently.  The focus will be on developing and implementing scalable solutions that support economic empowerment and equitable wealth creation.

Their New Alliance

With their combined expertise and deep connection to communities and small business, they have the unique ability to deliver a full suite of lending products and programs that support community efforts to create strong, vibrant, and healthy places of opportunity.

Three Pilot Programs

Initially, the focus will be on three key place-based pilot locations — Los Angeles, Detroit, and the Washington, D.C. Metropolitan (DMV) Area.

The immediate work will be on supporting recovery and relief needs of community members, small businesses, and organizations delivering key social services that have been devastated by these uncertain times. Cross-organizational teams will actively engage with local community members to understand regional problems and share tools and services to address those issues.

With lessons learned from the pilots, community-based efforts will be replicated and expanded in other parts of the country.

Strong Funding Partners

We are proud to have been awarded multi-million dollar investments from JPMorgan Chase and the Heron Foundation as we launch this effort. Their backing underscores the scale and impact the organizations are poised to make.

The Power of Collaboration

They are honored to work alongside CDC Small Business Finance in this effort to bring transformative change to communities and to increase our impact.

Join Them!

For more information about their alliance, read their press release or reach out to them at alliance@capitalimpact.org.

Details

Date:
August 31, 2020
Event Category:

All Events