CAMEO members throughout the state are putting government funds to work to stimulate new businesses and jobs for their communities. These organizations have shown leadership in their commitment to scale up their lending or business assistance programs to serve the increased demand– from businesses abandoned by the banks or struggling during the Recession, or by the unemployed and underemployed seeking to create their own jobs. CAMEO actively advocated in Washington DC for these increases and we are proud of the role MDOs are playing in the economic stimulus.
Congratulations to our members who have recently received the following awards:
CDFI Fund in 2010
Opportunity Fund (Bay Area)
Working Solutions (Bay Area)
Mabuhay Alliance (San Diego)
PACE (LA)
Arcata Economic Development Corp. (Rural North)
Santa Cruz Community Credit Union (Central Coast)
Valley Economic Development Corp. (LA)
Total Funding: $3,764,000
SBA Micro Loan Funding
Arcata Economic Development Corp. (Rural North)
OBDC Small Business Finance (Oakland)
PACE (LA)
Opportunity Fund (Bay Area)
Working Solutions (Bay Area)
Total: $1.9 million
SBA PRIME Grants
Mission Economic Development Agency (MEDA) (San Francisco)
El Pajaro CDC (Central Coast)
Total: $500,000
USDA Rural Microentrepreneur Assistance Program (RMAP)
Valley Small Business Development Corp.
Fresno CDFI
Total: $1.2 million