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Loan fund needs more support - Providence Business News

Loan fund needs more support - Providence Business News
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GRENADA:Government announces new stimulus package - Caribbean Times News, Trinidad news, Jamaica news, Haitian news, Guyana News,

GRENADA:Government announces new stimulus package - Caribbean Times News, Trinidad news, Jamaica news, Haitian news, Guyana News,
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Aeris Announces 20 New CDFI Ratings and 2 New Investor Clients

Aeris Announces 20 New CDFI Ratings and 2 New Investor Clients
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Aeris Rating Reports offer investors comprehensive financial analysis and reporting on impact activities and outcomes of rated CDFIs.
PHILADELPHIA (PRWEB)
April 22, 2021
Aeris®, the rating and information service for impact investments, announced today that it issued ratings and analysis on 20 community development loan funds (CDFIs) since the beginning of 2021. Among these was one first-time ratee: San Jose, CA-based Housing Trust Silicon Valley.
Aeris® Rating Reports facilitate investments in CDFIs by offering investors comprehensive analyses of the fundamental financial and management components that indicate a CDFI’s capacity to manage and weather changes in its operating environment. ....

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Tax credits: RI budget keeps Small Business Development Fund

The state budget proposed by Gov. Dan McKee last week sustains Rhode Island s long-debated corporate incentives and expands one program that his predecessor Gina Raimondo once attacked.
The $42-million Small Business Development Fund, approved by lawmakers in 2019 over Raimondo administration objections, offers tax credits to investment groups that put money into local companies.
A series of revisions to the program in McKee s budget would give the state Commerce Corporation greater power to decide who has qualified for the tax credits, a major complaint of the economic development agency under Raimondo.
The original version of the program allowed any investment group that submitted a complete application to qualify for credits, prompting the Commerce Corporation to quickly add numerous application requirements and reject the entire first round of applications. ....

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