Bronze Valley was awarded $300,000 in the latest round of Financial Assistance (FA) grants awarded by the U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) program. The grant is the second Bronze Valley has received from the program during 2021.
“We are extremely pleased to receive this latest grant award from the CDFI Fund,” said Neill S. Wright, president and CEO of Bronze Valley. “This funding round was highly competitive, and Bronze Valley’s selection is indicative of our ongoing success in building support for our mission and objectives among both public- and private-sector investors.”
The CDFI Program invests in and builds the capacity of CDFIs to serve low-income people and underserved communities lacking adequate access to affordable financial products and services. During the current fiscal year, the CDFI Fund has awarded a total of $119.2 million to 248 organizations in 40 states, the District of Columbia, and Puerto Rico. Since its creation in 1994, the CDFI Fund has awarded more than $5.2 billion to CDFIs, community development organizations, and financial institutions.
“I am pleased to announce the FY 2021 CDFI program award recipients,” said CDFI Fund Director Jodie Harris. “This year’s awards will benefit a wide variety of CDFIs dedicated to tackling issues of poverty and economic mobility in communities across the country.”
Bronze Valley’s mission is creating and perpetuating an education-to-opportunity-to-outcome pipeline for communities that are underrepresented in technology careers and in fields where innovators are creating the future. The organization connects innovation and ideas with capital, mentorship, and a commitment to diversity.