• Jan11

    The CFPB Must Continue to Protect Consumers

    Posted on Jan 11, 2018 by

    Strong leadership of the CFPB is critical to fulfilling its mission to protect consumers. Following the departure of CFPB Director Richard Cordray in early November, a battle over the directorship has commenced with different successors appointed by outgoing Director Cordray and the White House.

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  • Dec21

    Job Creation Program Pays for Itself

    Posted on Dec 21, 2017 by

    The New Markets Tax Credit (NMTC) Program survived tax reform passed by Congress yesterday. The NMTC program is safe for now and has continuous funding through 2019. A recent report by the NMTC Coalition highlights the economic benefits of the program, including job creation, and tells of how the NMTC program pays for itself.

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  • Dec13

    December Spotlight: Wholesome Bakery + ūüéĀ Opportunity Fund's 2017 Holiday Gift Guide

    Posted on Dec 13, 2017 by

    Check out this year's Holiday Gift Guide, featuring #OpportunityFunded businesses with a little something for everyone on your list! When you shop locally, more of your money stays in your community. For every $100 you spend, $48 is reinvested locally when you shop at local, independently owned businesses, compared to just $14 at big box retailers. This holiday season, Opportunity Fund is your guide to using the power of the purse to build a more inclusive, healthier financial system.

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  • Dec04

    New Report Reveals Gaps in Access to Credit for Minority-Owned Small Businesses

    Posted on Dec 04, 2017 by Jenna Boyer

    Opportunity Fund is committed to serving entrepreneurs with diverse backgrounds, businesses, and needs. We know that a small business loan can be the difference between a dream and an opportunity‚ÄĒbut too many small business owners face barriers when it comes to accessing traditional financing. That‚Äôs why we were particularly interested in a recent report released by the Federal Reserve Banks of Atlanta and Cleveland focusing on ethnic minority small business owners.

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  • Nov28

    Help Others, Like Deago by Guest Blogger: Joni Cropper, Opportunity Fund Board Member

    Posted on Nov 28, 2017 by

    We all know that small businesses are vital to driving America’s economy forward: creating jobs and building economic opportunity for the families who run them. But did you know that 8,000 small businesses are denied for credit from a bank every day? This is where Opportunity Fund comes in - offering responsible loans to entrepreneurs in California and beyond.

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  • Nov10

    Small Businesses And Low-Income Americans Will Lose Under New Budget Cuts To CDFI And NMTC Programs - an op-ed by Opportunity Fund CEO Luz Urrutia in Forbes

    Posted on Nov 10, 2017 by

    Congress has proposed a budget that decreases the CDFI Fund and tax reform that would eliminate the New Markets Tax Credit program. Opportunity Fund CEO Luz Urrutia shares this perspective in Forbes: "As lawmakers cast their votes on the budget and negotiate tax reform, they must have their eyes wide open about who is hurting in our country and support the programs that are working. The CDFI Fund and NMTC program work. We must keep them. People’s futures are hanging in the balance."

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  • Nov08

    What a celebration! Recap and photos from Opportunity Fund's Dreams Realized

    Posted on Nov 08, 2017 by

    On October 25th, Dreams Realized brought together two hundred of Opportunity Fund’s friends, donors and supporters to celebrate Founder Eric Weaver’s legacy of trailblazing impact, to welcome new CEO Luz Urrutia in leading our bold future, and to honor Jimmy, owner of Iguanas Burritozilla, with the Leslie Award for Entrepreneurship.

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  • Nov03

    All Communities Lose if We Eliminate the New Markets Tax Credit Program

    Posted on Nov 03, 2017 by Gwendy Donaker Brown

    This week the House Ways and Means Committee took the mistaken step of proposing the elimination of the New Markets Tax Credit (NMTC) Program as part of a proposal for tax reform. Opportunity Fund is strongly opposed to the elimination of the NMTC program, which has enabled us to fund 21 high-impact community projects including such community pillars as the Ravenswood Family Health Center, Educare Silicon Valley, LA Family Housing, and the Boys and Girls Don Fisher Clubhouse in San Francisco.

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  • Oct19

    Bank of America Supports Opportunity Fund with $275,000 in New Grants

    Posted on Oct 19, 2017 by

    Opportunity Fund relies on long-standing institutional partners to support our microfinance programs especially in the present climate where government funding is uncertain or stalled. Opportunity Fund is grateful for Bank of America’s continued partnership, which includes new grants totaling $275,000 that will support the talent and technology we need to expand our reach to underserved small business owners and originate more than 2,500 new loans in this fiscal year.

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  • Oct18

    California Expansion Update: Opportunity Fund is on the ground in the Central Valley!

    Posted on Oct 18, 2017 by

    Opportunity Fund welcomes our first loan officer in the Central Valley, Jessica Manzo based in Fresno! As part of our current strategic plan to invest $500 million in 50,000 underserved entrepreneurs, students, and working families by 2020, Opportunity Fund is expanding our reach throughout California. Opportunity Fund started in the Bay Area in 1994, expanded to Los Angeles in 2010, and this past year, has placed loan officers in San Diego, Sacramento, and now Fresno.

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