Stormy seas are ahead and savvy CDFIs are trimming sales and battening down the hatches. This session will discuss the pluses and minuses of a range of strategies that could strengthen your organization, including partnering with other CDFIs, contracting for back room and other services, and even merging. What special value would your CDFI bring to such a collaboration? What might you seek from others? Peer veterans and other experts will share how they assessed options, why they chose the strategy they did, and how it turned out.
Frank Altman is CEO for Community Reinvestment Fund, USA. As CRF’s founder, Altman pioneered the development of a secondary market for community and economic development. Since 1988, under Altman’s leadership and in partnership with a network of local community partners, CRF has funded over $2.4 billion in loans to job-creating small businesses, nonprofits, charter schools and affordable housing projects in 49 states plus the District of Columbia and more than 1,000 communities across the United States. Altman helped design the creation of a federal tax credit to encourage private investment in low-income communities and is a founding member and first President of the New Markets Tax Credit Coalition. He is also a member of the Center for Community Development Investors at the Federal Reserve Bank of San Francisco and an advisor to the Social Innovation Initiative at Brown University. His work has been featured in Inc. Magazine, where he was named one of its Entrepreneurs of the Year and he received Fast Company’s Social Capitalist award. More recently Altman has been awarded the Economic Development Innovation Award from GIS Planning Inc. and fDi Intelligence for his contribution to the field of economic development. Altman is a Senior Fellow at Ashoka, the world-wide network of social entrepreneurs.
Donna J. Gambrell is the CEO of Appalachian Community Capital, a CDFI regional intermediary comprised of 20 high-performing CDFIs and mission-driven lenders working together to help address the small business needs in the Appalachian Region. In addition, she is a visiting, non-resident scholar at the Federal Reserve Bank of Atlanta, and a board member for the following organizations: Southern Bancorp, Inc., in Little Rock, Arkansas, which is one of the nation’s largest CDFIs; AEO, a national membership organization for microbusinesses; Opportunity Finance Network, a national trade association; and the Low Income Investment Fund, a national CDFI based in San Francsico.
Adam Zimmerman has worked at Craft3 for seventeen years, assuming the role of President and CEO in 2016. Immediately before that, he served as an Executive Vice President guiding organizational growth, consumer lending, external affairs, and brand management. When Adam started with Craft3 in 2002, the organization managed $8 million with a staff of 10. Today, it manages over $150 million with 72 employees. Adam’s early work at Craft3 focused on rural economic development, organic farms, and food systems. He earned his Master of Community and Regional Planning from the University of Oregon in 2002. He is an Eastern Oregon native and currently lives in Portland, Oregon