London-based Kentucky Highlands Investment Corp. has been selected as one of only 21 participants in the 10,000 Small Businesses CDFI Growth Collaborative, a national program to help expand small business lending in underserved areas.
The CDFI Growth Collaborative is a three-year program that is part of the 10,000 Small Businesses Initiative sponsored by The Goldman Sachs Group Inc. and the Opportunity Finance Network, a network of community development financial institutions. The Growth Collaborative program will provide participating community development financial institutions (CDFI) with a unique “tuition paid” learning program to help CDFI loan funds address the needs of small businesses in underserved communities across the country.
CDFI loan funds participating in the program will have access to a number of learning opportunities, including information exchanges, meetings, online learning, and networking opportunities and one-on-one or small-group consulting services.
“The CDFI Growth Collaborative will help CDFIs develop both the capacity and knowledge to grow their small business lending portfolio and stimulate the growth of more small businesses in their communities,” said Alicia Glen, managing director and head of the Urban Investment Group at Goldman Sachs.