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Meeting their Mission: How CDFIs Can Better Serve Communities of Color

Wednesday, October 7, 2020 -
10:00am to 11:30am PDT
Zoom Webinar
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Community Development Financial Institutions (CDFIs) play a critical role by bringing investment and resources to historically underserved communities through capital and other supports to help entrepreneurs start and grow businesses, develop affordable housing, establish community facilities, and build wealth and expand economic opportunity. The pandemic further underscored the important role CDFIs play in supporting local communities, including providing access to capital for small businesses left out of traditional financial markets, many of which are owned by women and people of color. In fact, businesses owned by people of color have been the hardest hit by COVID-19. Historically, these businesses have less access to credit, and less able to withstand the loss of income. They are not only providers of critical services in underserved communities; they also serve as primary sources of jobs and income in communities of color. Yet, while many advocates rightly called on the federal government to include specific funding for CDFIs in its second pandemic response package, others are asking how well existing CDFIs are really serving communities of color.

Join us to explore:

Key questions such as:·
  • Where are the gaps in products and services for entrepreneurs of color
  • How are CDFIs of color filling this need
  • What more can be done to support CDFIs lead by people of color
  • What are the opportunities for funders to support innovative approaches to support greater access to products and services small business owners of color


Alicia DeLia, Investor Relations, Runway
Alicia has spent over 15 years capitalizing nonprofit organizations and social enterprise leaders throughout the United States, Africa and Latin America. Alicia currently leads investment and fund development strategy for The Runway Project’s national program, where she works with investors, financial institutions and philanthropists to unlock capital for entrepreneurs of color. 
Alicia’s career has focused on sourcing and deploying loan and philanthropic capital to support under-resourced communities, microenterprises, agricultural cooperatives and social entrepreneurs. In this capacity, she has worked with The United Nations, USAID, The Government of the Dominican Republic, Shared Interest, FINCA International, Global Language Project, Rising Tide Capital and others. 
Joyce Klein, Director, The Aspen Institute
Joyce Klein is the director of the Business Ownership Initiative, which advances business ownership as an economic opportunity strategy. Ms. Klein assumed the leadership of BOI (formerly FIELD) in 2012, after working as a senior consultant since the program’s inception in 1998. She is recognized as a leading expert on the field, speaking at national and regional industry conferences and being quoted in a variety of news media including The New York Times and National Public Radio’s Marketplace.

Ms. Klein also has worked as a consultant in the microenterprise field, providing assistance to clients including the Community Development Financial Institutions Fund of the US Department of the Treasury, and CFED (formerly the Corporation for Enterprise Development). Prior to her work with BOI, Ms. Klein led CFED’s work in microenterprise development. She holds a master’s in public policy from the University of California at Berkeley and a B.A. in economics from Boston College.

Olivia Rebanal, Director, Capital Impact Partners

Olivia M. Rebanal is Director of Inclusive Food Systems at Capital Impact Partners (CIP), a CDFI that has deployed over $2.5 billion to serve 5 million people in our communities’ critical sectors: health care, education, elder communities, healthy food, cooperatives, and affordable housing. Olivia manages the strategy, initiatives, and partnerships related to CIP’s work in building equitable food systems. Through programs like the California FreshWorks Fund, Michigan Good Food Fund, and the National Cooperative Grocer Fund, CIP increases access to affordable healthy food, creates opportunities within the food economy, supports neighborhood retailers, and expands food distribution, processing, and production, with a focus on racial and social equity. Olivia has nearly 20 years of experience in the CDFI industry and over a decade of underwriting experience, with emphasis on working with entrepreneurs of color. Olivia holds an AB in Bio-Medical Ethics from Brown University and an MPA in Public Finance from New York University’s Wagner School of Public Service


Amy Wallace, Vice President, Global Philanthropy, JPMorgan Chase & Co. (Moderator)
Amy oversees Northern California grantmaking in the areas of workforce readiness, small business assistance, financial capability, and neighborhood revitalization for JPMorgan Chase & Co. Prior to joining JPMorgan, she was appointed Assistant Director for Workforce Innovation by Governor Jerry Brown for the California Workforce Development Board. Amy has worked with foundations, community organizations, and the private sector, as well as the Departments of Labor and Education on developing industry-based solutions to workforce challenges. While with San Francisco’s Office of Economic and Workforce Development, she designed and developed the city’s first-ever comprehensive workforce development strategic plan, and launched a variety of workforce programs, including summer youth employment, sector initiatives, and business services. Amy also worked for the National Network of Sector Partners, an association for industry-based workforce efforts. Amy received a BA in Sociology from U.C. Santa Cruz and an MA in Urban and Regional Planning from U.C. Irvine.

Target Audience 

This program is open to NCG members and nonmember funders.




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