Denali Chamber Economic Development Proposal - Flipbook - Page 23
in promoting economic development in the
areas where they operate.
4. Community Development Financial Institutions
(CDFIs):
CDFIs are specialized financial institutions
that provide financing and support to
underserved communities and businesses.
They may offer loans or grants to economic
development foundations.
5. Banks and Financial Institutions:
Local banks and financial institutions may
offer loans, lines of credit, or other
financial products to support economic
development
projects.
They
may
also
collaborate on community development
initiatives.
6. Impact Investors:
Impact
investors
are
individuals
or
organizations that are interested in both
financial returns and positive social or
environmental outcomes. They may provide
funding
to
economic
development
foundations as part of their impact
investment strategy.
7. Crowdfunding:
Economic development foundations can use
crowdfunding platforms to raise funds from
a
broad
community
of
supporters.
Crowdfunding campaigns can be an effective
way to finance specific projects or
initiatives.
8. Public-Private Partnerships (PPPs):