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Investing In Black-owned Small Businesses To Close the Racial Wealth Gap
There is a staggering disparity between the wealth of Black communities and their white counterparts in the United States where wealth is the difference between financial and social mobility and terminal economic insecurity. In 2019, Black households, on average, had 14.5 percent of the wealth of the average white household. This disparity is reflected throughout…
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These Maine CDFIs Are Showing Mainstream Lenders How to Open Doors For Muslim Borrowers
When Yassin arrived in western Maine in 2008 as a refugee from Djibouti, he knew that he wanted to start his own business one day. In recent decades, Maine has become a destination for a growing population of immigrants like Yassin, who are seeking to build a life for themselves in the U.S. According to…
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Free Resources for Growth in 2022
On January 26th, 2022 CNote hosted a webinar alongside Inclusiv and CUNA Strategic Services where they discussed key resources to help mission driven community financial institutions grow in 2022 and deepen their community impact. Title: Deepening Community Impact: A Discussion on Key Resources to Help Your Organization Grow in 2022 Brief Summary: Credit unions and…
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Meet Danielle Mahon, The Entrepreneur Whose Company, Topsail Steamer, Has The Wind At Its Back
Although Danielle Mahon identifies as a late-in-life entrepreneur, she’s more of a waiting-for-the-right-idea entrepreneur. Danielle grew up in southern New Jersey, and she spent her summers on the Jersey Shore with friends and family. Danielle pursued a career in sales, but it was her husband’s job that took her and her children to Raleigh, North…
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How Credit Unions Rose To The Challenges Presented By PPP Loan Issuance And Forgiveness
When Jim Barnhart pushed pause on his 34-year-long career in banking, he never could have imagined that a global pandemic was right around the corner. Instead, Jim was looking forward to some quality time at home with his family, particularly so he could help his son, a senior in high school, transition to college. As…
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CNote’s Quarter Impact Report Q2 2021
We’re excited to announce that CNote investors helped to create/maintain over 400 jobs in Q2 of 2021. In this report you’ll see: Since Inception, CNote has created or maintained 5,232 Jobs In Quarter Two of 2021, CNote Deployed: 71% of Dollars to BIPOC-Owned Businesses From the time that Dr. Alexia McClerkin broke her ankle in…
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How Deshonda Charles Turned Her Dream Of Becoming A Lawyer Into A Successful Small Business
When Deshonda Charles, Esq. was a little girl, she wanted two things in life: to be a singer and to become a lawyer. According to her, she was attracted to the legal world thanks to Clair Huxtable, the matriarch at the center of The Cosby Show. A young Deshonda watched the television show during its…
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Turning Dreams Into Reality: How Appalachian Community Capital’s Donna Gambrell Is Helping CDFIs To Thrive
Donna Gambrell’s journey into the world of Community Development Financial Institutions (CDFIs) was, as she puts it, “a crooked mile.” Donna studied journalism at Towson University, and upon graduation, she worked as a writer-editor. That eventually led her to the Federal Savings and Loan Insurance Corporation and Resolution Trust Corporation, where she worked for four…
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How These Boba Tea Entrepreneurs Went From Working Street Festivals To Opening A Successful Restaurant
When Josh Houeye and Magen Hearn went on a date at a local Vietnamese restaurant in 2018, neither of them anticipated that a small business idea would blossom out of their boba tea. However, that’s exactly what happened. The bubble tea was so good that Josh pulled out his phone and Googled the ingredients. Impressed,…
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How Leslie Rosella Turned Her Passion For Four-Legged Friends Into A Growing Doggie Day Care
For as long as she can remember, Leslie Rosella has loved animals. Pursuing a bright career in the restaurant industry, it never occurred to her that she could turn her childhood love into a profession. That was the case, at least, until she got Brixx: a purebred Rottweiler that Leslie and her boyfriend, Chris Cooley,…
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