News & Press Releases

In the News | December 2, 2018

NMTCs Bring Los Angeles Community Center to the Finish Line

December 2018 — Opportunity Fund provided a $14.7 million New Markets Tax Credit allocation to support the development of the Budokan community center, providing the Little Tokyo community with a safe place to gather; learn about Japanese culture; and play sports. The community center will include a 14,000-square foot gymnasium with two basketball courts that can be separated by a drop-down curtain, as well as four volleyball courts. Construction began in March and will be completed in November 2019.

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In the News | November 22, 2018

Guest Opinion: Support Female Entrepreneurs on Small Business Saturday

November 2018 — When Small Business Saturday arrives this Saturday, Nov. 24, it will offer an easy-going, community-oriented alternative to the crowded frenzy of Black Friday and the chair-bound isolation of Cyber Monday. It is at the local level that most of us understand small business, which is why we at Opportunity Fund are encouraging everyone to get out Nov. 24 and support our local entrepreneurs. This year, let's particularly seek out women entrepreneurs, who systematically face a tougher lending and start-up environment than their male counterparts.

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Press Releases | November 19, 2018

More Than 1,000 Women Entrepreneurs Join Nonprofits, LA Mayor’s Office at City Hall to Announce New Initiative to Get Money to Local Women Business Owners

The Wurwand Foundation and Opportunity Fund join Mayor Eric Garcetti’s office to celebrate Women’s Entrepreneurship Day at City Hall and announce ‘FOUND/LA,’ a new initiative that will put money and resources into the hands of hundreds of women business owners.

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In the News | November 12, 2018

Immigrants Create Jobs – Small Loans Can Help: New Research on the Impact of Supporting Underserved Entrepreneurs

November 2018 — All the political attention currently focused on immigration is shining a bright light on issues at our ports of entry. But an important fact is being lost in the heated debate over our U.S. borders: Recent immigrants are some of the most entrepreneurial among us. And they’re creating prosperity not just for themselves and their families, but also, as new research from the community development financial institution Opportunity Fund reveals, creating jobs and driving economic growth in our communities.

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In the News | November 9, 2018

Opinion: Women Entrepreneurs Still Can’t Access Financing

November 2018 — Just 30 years ago, a woman couldn’t get a loan for her own business without a male relative co-signing. But in 1988, we stood up as a nation and said a woman could get a loan without her husband, her brother or her father co-signing for it. October marked the 30th anniversary of the passage of the Women’s Business Ownership Act that ended that practice. In the intervening decades, we’ve made great strides in lending to women, but we still have a long way to go.

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Press Releases | October 24, 2018

New Report Shows Creating Financial Access for Immigrants & Underserved Entrepreneurs Increases Credit Scores and Leads to Job Creation

New research completed into the impact of the last decade of Opportunity Fund’s lending to underserved and immigrant small businesses owners in California shows that the loans made by the community development financial institution have resulted in large-scale positive changes to borrowers’ financial lives, including establishing or improving credit scores, and stimulating business growth and job creation in the communities where they operate.

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