BankingFinTech

US Bank: Announces $1 million in grants to Black-led CDFIs

  • USBCDC announced $1.15 million in grants to more than a dozen Black-led Community Development Financial Institution (CDFI) partners
  • These grants directly support Black communities by providing immediate funding in the wake of COVID-19
  • A total of 15 CDFIs receive grants ranging from $50,000 to $100,000 while the African American Alliance will receive $150,000 to support Black-led CDFIs
  • Grants will be used for direct support to Black businesses, families and individuals to offset financial stresses caused by COVID-19
  • Many of these CDFIs founded and historically operated by Black leaders to help overcome the structural barriers
  • The African American Alliance of CDFI CEOs (AAA) deeply grateful for the recent investments made by USBCDC
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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