The Clearinghouse CDFI 2010 Annual Shareholders Meeting was a great success. The event was held on April 22, 2010 at the Gateway Towne Center in Compton, California. This year's meeting marked the official opening of the Junior Achievement Workforce Readiness Center.
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The opening of the center symbolically marked the completion of the first phase of the shopping center development. Keynote speaker, Donna J. Gambrell, Director of the Treasury's Community Development Financial Institutions Fund, Kofi Sefa-Boakye, Director of the Community Redevelopment Agency for the City of Compton and Gary Hickman, President / CEO of Junior Achievement, as well as City of Compton Officials and Clearinghouse CDFI were all on hand to celebrate the ribbon cutting of the Workforce Readiness Center.
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Junior Achievement of Southern California will operate the Center as a satellite to its acclaimed Finance Park, helping Children find jobs and succeed in the workforce.
The Workforce Readiness Center will operate out of donated retail space and provide services to local residents, schools, and other non-profit community groups in the Compton area. The donated space was made possible through a $29 million dollar New Markets Tax Credit (NMTC) Loan which was one of the first uses of American Recovery and Reinvestment Act of 2009 resources in the country. |
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Clearinghouse CDFI provides loans in low-income and disadvantaged communities through innovative and affordable financing that is unavailable in the conventional market.
Clearinghouse CDFI provides loans in low-income and disadvantaged communities through innovative and affordable financing that is unavailable in the conventional market.
The U.S. Dept. of Treasury Community Development Financial Institutions (CDFI) Fund expands the capacity of community-based financial institutions to provide credit, capital, and financial services to underserved populations and communities throughout the United States.
