Commitment to Action

Inversiones: A Small Business Investment Initiative

Commitment by

National Association for Latino Community Asset Builders

In 2012, The National Association for Latino Community Asset Builders (NALCAB) committed to support the creation and expansion of 1,500 small businesses in predominately Latino communities, catalyzing the creation of 4,000 jobs. This commitment, in partnership with the Valley Economic Development Center, Acción Texas, Inc., Chicanos Por La Causa, and a national network of non-profits, will expand the availability of culturally and linguistically relevant services that open access to markets, strengthen competitiveness, and increase the flow of small business lending. Over a three year period, the commitment will provide small business development services to 5,000 owners and entrepreneurs, complete $50 million in small business lending, and secure $15 million in financing for economic development projects.

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Overview
Summary

Commitment

Inversiones: A Small Business Investment Initiative

Launched

2012

Est. Duration

3 Years

Estimated Total Value

$135,677,775

Region

Northern America

Countries

United States

Commitment by

National Association for Latino Community Asset Builders

Partner(s) of the Commitment Maker(s)

Valley Economic Development Center (VEDC), Conexión Americas, Latino Economic Development Corporation, Chicanos Por La Causa, Inc., Latino Economic and Development Center (LEAD), The Resurrection Project, Hacienda CDC, Mission Economic Development Agency