2. Rob Cerne, Owner Seascape Technologies

3. Intevation Food Group, Plover, Wisconsin

5. Financing Resources Community Development Financial Institutions (CDFI’s) Community Development Entities (CDE’s)

6. Community Development Financial Institutions (CDFI’s) US Treasury-certified specialized financial institution that works in market niches, often economically distressed areas Include both regulated community development banks and credit unions & non-regulated institutions such as loan and venture capital funds

7. Results. Wisconsin CDFI’s had more than $400 million in loans outstanding at the end of 2009. Examples include:

8. Results… Northwest Side Community Development Corporation has lent more than $3.2 million, creating more than 500 jobs (Milwaukee) Wisconsin Women’s Business Initiative Corporation – average loan created 2.7 jobs and retained 5.8 more

9. Results Forward Community Investments (statewide loan fund for non-profits) loans resulted in the development of 1,200 units of affordable housing and creation/retention of 3,000 jobs Community Assets for People has lent more than $10 million in housing loans and $4.5 million in business loans

10. Demand for Capital Demand is high – ◦Community Assets for People – business loan portfolio of $6 million at the end of 2010 ◦$900,000 in business loans deployed in 2010; ◦Over $750,000 to date in 2011 with almost $800,000 in loans now in the pipeline ◦Since 1991, 590 households purchased homes with deferred loan of more than $10 million ◦Project to help an additional 20 in 2011.

11. Demand for Capital The US Treasury – CDFI Fund 2011 Application Round – New Market Tax Credit Program  14% increase in requests over 2010  314 applications, the most since 2002 when the program began  $26.7 billion in requests for $3.5 billion in resources – almost a 7 to 1!

12. New Tools The Wisconsin Legislature is moving forward on legislation (AB 211) that would create tax credits for investments in CDFi’s in Wisconsin. Investments of at least $10,000 for 5 years would net a 10% tax credit (12% for investments of $150,000-$500,000)

13. New Tools Starbucks – Create Jobs for USA. Americans themselves would invest in small business. Those who donate $5 or more get a red-white-blue wristband labeled “indivisable.” Starbucks will use CDFI’s as its financial partner. Starting off with a $5 million donation.