Officials said that some small businesses are still reeling from the effects of the pandemic and inflation and that more funding is still needed for continued recovery.
“We‘re asking for another $20 million to support mom-and-pop businesses across the state,” said Daniel Betancourt, CEO of Community First Fund and chair of the Pa. CDFI Network.
Leaders with the Pennsylvania Community Development Financial Institutions Network were in Harrisburg on Monday. Representatives from both parties spoke in support of the group in a news conference on Monday. State House Republican leader Bryan Cutler and State Rep. Sara Innamorato also spoke in support of CDFI. Officials and state legislators were also joined by small business owners that have received assistance from CDFIs.
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