Bread & Roses Community Fund, the leading funder of grassroots organizing for racial, social, and economic justice in the Philadelphia region, is receiving a $15,000 Community Champion Award from Reinvestment Fund in recognition of its work supporting grassroots organizing for change, and to fuel that work in the future.
The Community Champion Award is a small grants program that recognizes nonprofit organizations that are aligned with Reinvestment Fund’s own mission. Awardees are selected by an appointed staff committee that makes its selection from a pool of organizations nominated by staff. The selection is approved by Reinvestment Fund’s Community Advisory Board. In most instances, the organizations have volunteers that are Reinvestment Fund staff or another existing relationship. In this case, the history goes back decades. Reinvestment Fund was incubated at Bread & Roses before spinning off in 1985.Read More
The Federal Reserve Board recently announced Reinvestment Fund CEO, Don Hinkle-Brown, to serve as Chair of its Community Advisory Council (CAC). Mr. Hinkle-Brown previously served a term as Vice Chair beginning in 2018. The CAC is composed of a diverse group of experts and representatives of consumer, workforce, and community development organizations and interests, including from such fields as affordable housing, economic development, labor, small business, and asset and wealth building. CAC members provide information, advice, and recommendations to the Board on relevant policy matters and emerging issues of interest.Read More
Reinvestment Fund recently closed on a loan to First Step Staffing, Inc., the nation’s largest nonprofit social enterprise staffing company. The $3 million loan is led by Reinvestment Fund, with participations from Atlanta Emerging Markets, Inc. (AEMI) and Access to Capital for Entrepreneurs (ACE).
“First Step is doing the critical work of providing economic opportunity for individuals facing challenges to employment and stability,” said Christina Szczepanski, Managing Director for the Southeast at Reinvestment Fund. “We are pleased to be able to support the sustainability and growth of this nonprofit enterprise whose efforts so closely align with our own mission to create stronger, more equitable communities.”
First Step Staffing, Inc., (FSS) is an Atlanta-based staffing agency that finds temporary employment in factories, distribution centers and hospitality businesses for men and women with significant barriers to workforce entry and re-entry. Most of FSS’s clients have recently experienced either homelessness or incarceration. Many are veterans who have faced difficulties readjusting to civilian life.Read More
This week, the House and Senate cleared the fiscal year 2020 spending bills. The legislative packages include increased investment in the United States Department of Agriculture’s Healthy Food Financing Initiative (HFFI). HFFI is administered by Reinvestment Fund on behalf of USDA Rural Development to improve access to healthy food in underserved areas. The bills now await the President’s signature. Read our full statement.Read More
Reinvestment Fund announced three initiatives in memory of its founding Executive Director, Jeremy Nowak. Jeremy led Reinvestment Fund for 26 years, establishing a powerful vision for strong, equitable communities. The initiatives honor key aspects of Jeremy’s life work.
“We at Reinvestment Fund were fortunate to have witnessed and learned from Jeremy’s genius for so many years,” Don Hinkle-Brown, President and CEO of Reinvestment Fund. “In designing these initiatives, we want to memorialize his legacy and encourage work that advances his life’s pursuits.”Read More
The Philadelphia Department of Public Health has announced the launch of the Philadelphia Food Justice Initiative, an exciting new program in partnership with the Reinvestment Fund to support community-driven projects to advance food justice. As part of the launch, the initiative announced the selection of six projects for a total of $180,000 in funding support.Read More
Reinvestment Fund today announced $1.8 million in financial and technical assistance awards to 23 projects through the Healthy Food Financing Initiative (HFFI) inaugural grants program. Funding for the HFFI grants program is provided by the United States Department of Agriculture (USDA), authorized by the 2014 Farm Bill. Ten projects received a total of $1.4 million in financial assistance and another 13 projects received a total of $400,000 in technical assistance awards.Read More
Reinvestment Fund announced the appointment of Jeff Hebert, Partner at HR&A Advisors to its Policy Advisory Board.Read More