~ Tom Rutledge, Chairman and CEO of Charter Communications
Charter Invests $1 Million in CommunityWorks to Provide Small Business Loans in Underserved South Carolina Communities
The Spectrum Community Investment Loan Fund has committed to invest $1 million in CommunityWorks, a South Carolina statewide nonprofit lending institution and community development financial institution (CDFI) which will provide low-interest loans to small businesses.
Charter Designated Founding Partner of the Urban Empowerment Fund by the National Urban League
The Spectrum Community Investment Loan Fund is providing support that will enable the National Urban League’s Urban Empowerment Fund to become a certified community development financial institution (CDFI). This, in turn, will bolster the Fund’s ability to deliver vital capital to minority-owned small businesses in urban communities.
Community Loan Fund News
Charter Communications and Hope Credit Union Announce $3 Million Investment...
Charter Communications, Inc., which operates the Spectrum brand, today announced its Spectrum Community Investment Loan Fund will invest $3 million in the Hope Enterprise Corporation (HOPE), a certified community development financial institution (CDFI) .
Charter Invests $1 Million in the Carolina Small Business Development Fund ...
Charter Invests $10 Million with National Urban League and National Action ...
Charter Communications, Inc. today announced the company will invest $10 million in partnership with both the National Urban League (NUL) and National Action Network (NAN) to support Black and other minority-owned small businesses in underserved communities.
Investing in Underserved Communities
The Spectrum Community Investment Loan Fund launched in February 2020 with an initial commitment of $10 million which will be distributed to small businesses that provide goods and services that help improve the quality of life in underserved communities. Pursuit in New York and PeopleFund in Texas are the first CDFIs to receive investments of $1 million each.