Many of NALCAB’s member organizations support Latino entrepreneurs and small business owners by reducing the barriers to starting a business, and increasing access to capital, credit and markets. Through our national Inversiones initiative, NALCAB helps accelerate the capacity and impact of these programs by:
On June 24, NALCAB reported its small business initiative progress at the Clinton Global Initiative - America (CGI -America) annual conference in Denver. The NALCAB network has invested more than $65 million in small business development through more than 2,000 businesses, and today has created more than 4,300 jobs. A short video, produced by NALCAB, was shown in the opening plenary of CGI – America’s annual event. See video above. This CGI – America Commitment is a platform to sustain and highlight the important work of the initiative.
In 2013, the Clinton Global Initiative – America (CGI-America) accepted a Commitment to Action from the NALCAB network to catalyze $70 million in investment in small businesses and neighborhood small business districts to create 4,000 jobs and support the start-up or expansion of 1,500 businesses. This CGI-America Commitment is a platform to sustain and highlight the important work of the initiative. NALCAB was recognized for this Commitment at the 2013 CGI-A conference. That same year, Sam’s Giving Club provided funding for Inversiones to advance NALCAB’s CGI-America Commitment to Action. Read the press releases below to learn more details about Inversiones, CGI-America and the investment by the Sam’s Club Giving Program.
A new Clinton Global Initiative America Commitment to Action has been announced, which will catalyze $70 million in investment in small businesses and community-based small business districts from NALCAB - National Association for Latino Community Asset Builders, Valley Economic Development Center, Acción Texas, Inc., Chicanos Por La Causa, Inc. and a national network of nonprofits that provide small business lending and development services in predominantly Latino communities. Collectively, this consortium will create 4,000 jobs by supporting the start-up or expansion of 1,500 small businesses in predominately Latino communities by undertaking the following activities:
NALCAB - The National Association for Latino Community Asset Builders announces a $2M grant from the Sam’s Club Giving Program to catalyze job creation by supporting the development of small businesses in predominantly Latino communities. This grant will advance NALCAB’s Commitment to Action with the Clinton Global Initiative America (CGI America) to leverage $70 million in investment in small businesses and community-based small business districts.
With funding from the Sam’s Club Giving Program, the NALCAB Network will, over the next two years, provide services to 1,000 small business owners and aspiring entrepreneurs, resulting in 150 business starts or expansions, creating at least 300 jobs. To achieve this goal, NALCAB will: