The Siemens Foundation and Northern Trust have announced a commitment of $10 million to two Community Development Financial Institutions Funds (CDFI) to support racial and social equity in underserved communities. CDFIs provide low-income, low-wealth, and other disadvantaged people with the capital they need for meaningful economic opportunity and development. The Siemens Foundation partnered with Northern Trust to identify the CDFIs selected and facilitate the investments. The Enterprise Community Loan Fund (ECLF) and Primary Care Development Corporation (PCDC) will provide capital, support and advocacy in the real estate and health care…
Read MoreSiemens Foundation and Northern Trust to Invest $10M in Community Development Financial Institutions to Support Racial and Social Equity in Underserved Communities
