Published April 1, 2012 | April 2012 issue
Montana Community Development Corporation (CDC), a community development financial institution in Missoula, Mont., has received a capital grant of more than $60,000 from the Create Jobs for USA Fund, a national campaign to support local businesses in underserved communities. The grant will be applied to Montana CDC's revolving loan fund, which supports small businesses and job creation throughout Montana.
The Create Jobs for USA Fund is a philanthropic collaboration between Starbucks and Opportunity Finance Network (OFN), a CDFI membership organization. CDFIs are specialized entities that provide lending, investments, and other financial services in economically distressed communities. The Starbucks-OFN collaboration is funded through donations collected online (at www.createjobsforUSA.org) and at nearly 7,000 company-operated Starbucks locations nationwide.