30 11/2015

NMI Changes Name to VEDC Nevada Business Opportunity Fund

2018-01-11T16:55:27-08:00November 30th, 2015|Press|Comments Off on NMI Changes Name to VEDC Nevada Business Opportunity Fund

Nevada Microenterprise Institute (NMI) in partnership with VEDC will now be known as the VEDC Nevada Business Opportunity Fund to reflect its expanded services to help small businesses gain access to capital. […]

24 09/2015

VEDC Opens Capital Access Center in Boyle Heights

2018-01-11T17:33:40-08:00September 24th, 2015|Press|Comments Off on VEDC Opens Capital Access Center in Boyle Heights

Funding from JPMorgan Chase has enabled VEDC to open the Boyle Heights Capital Access Center to serve as a transitional financial and retail assistance service center in this underserved neighborhood in Los Angeles. […]

4 06/2015

Tri-State Business Opportunity Fund Helps Open Tribeca’s Gunbae

2018-01-10T17:22:30-08:00June 4th, 2015|Press|Comments Off on Tri-State Business Opportunity Fund Helps Open Tribeca’s Gunbae

VEDC announced a $500,000 small business loan to Gunbae, an upscale Korean-BBQ karaoke restaurant opening today in Lower Manhattan, through the Tri-State Business Opportunity Fund (TBOF). This will result in the creation of 40 new full-time jobs, along with 12 construction jobs, in a community still recovering from economic and natural disasters, including Hurricane Sandy. [...]

6 05/2015

VEDC Forms National Microfinance Fund with Grant from Sam’s Club Giving Program

2018-07-27T09:35:03-07:00May 6th, 2015|Press|Comments Off on VEDC Forms National Microfinance Fund with Grant from Sam’s Club Giving Program

LOS ANGELES— VEDC announced today that thanks to a $2 million grant from the Sam’s Club Giving Program, they will leverage the formation of a $20 million National Microfinance Fund (NMF) to expand their small business loan portfolio to include lending to micro-lenders across the country. […]

19 03/2015

JPMorgan Chase Grants $1 Million To Boost VEDC Lending

2018-01-12T11:28:34-08:00March 19th, 2015|Press|Comments Off on JPMorgan Chase Grants $1 Million To Boost VEDC Lending

LOS ANGELES— JPMorgan Chase has awarded a $1 million grant to VEDC to boost the organization’s infrastructure as they expand their outreach to small businesses in eight states. JPMorgan Chase has been a longtime supporter of VEDC as they strive to meet the capital needs of small businesses in underserved communities. […]