Our Texas Footprint
Our impact in Texas starts with direct engagement in local communities.
In 2020, the Wells Fargo Foundation’s Diverse Community Capital Program announced that it is providing $17.4 million to CDFIs across the country, including Houston Business Development, to accelerate the growth of diverse small businesses and create job creation in communities. The Houston Business Development will deploy more than $3.25 million in loans over three years in the Houston area to finance entrepreneurs. Additionally, the CDFI will mentor 4,500 small business owners.
In 2020, Goldman Sachs provided $50 million in small business relief loans across the state of Texas through CDFIs. Through Goldman’s 10,000 Small Businesses program, LiftFund in San Antonio received $25 million to aid small businesses that have been affected by COVID-19 and have limited access to capital.