Why Community Development Investment Capital?
Community Development Investment Capital (CDIC) has emerged in recent years
to fill a critical gap between mainstream financial services/lending and
traditional philanthropy. Many business owners in rural and
impoverished areas in New Mexico face tough challenges when seeking equity
or debt capital to finance their entrepreneurial activities.
CDIC's achieve job creation at a much lower cost than other community
development mechanisms. In addition, these jobs tend to be at higher wages
with better benefits.
Resources
Click on the title to open a PDF Document.
Jarratt Applewhite - Community Development Investment Review, Federal Reserve Bank of San Francisco, 2006
Article discusses the challenges facing rural entrepreneurs and a unique delivery model for services to help businesses grow.
Anne Claire Broughton - SJF Advisory Services, 2004
The Aspen Institute, October 2005
Sarah Cooch & Mark Kramer - FSG Social Impact Advisors, March 2007
Ewing Marion Kauffman Foundation, 2007
Penelope Douglas, Beth Sirull, Pete November - Pacific Community Ventures, May 2006
Sara Low, Jason Henderson, and Stephan Weiler - Federal Reserve Bank of
Kansas City, Economic Review, Q3 2005
Report discusses entrepreneurship as emerging as a particularly
promising new engine for regional growth. It states that the relation
between long-term regional employment growth and entrepreneurship is strong.
Not only do entrepreneurs create new local jobs, but they also generate new
wealth and new growth.
Robert W. Fairlie - Ewing Marion Kauffman Foundation, 2005
Report on the findings from the Kauffman Index of Entrepreneurial Activity:
a new measure of entrepreneurship, which uses matched data from the
1996-2004 Current Population Surveys.
W.K. Kellogg Foundation - Corporation for Enterprise Development, August 2003
A study to gather information on institutions, programs and activities
that support entrepreneurship in rural America: to assess the distribution
and scale of entrepreneurial activity and to identify potentially
influential contextual factors.
Center for Rural Entrepreneurship, May 2005
This brief explores the role that our nation does and can play in
entrepreneurial development in Rural America.
Thom Rubel and Scott Palladino - National Governors' Association, 2000
Report discusses ways to improve a state's economic competitiveness
through developing and streamlining policies that nurture entrepreneurs
which includes improving access to capital, providing technical assistance,
etc.
