Displaying items by tag: lending

RALEIGH — Nearly $202 million in federal funding coming to North Carolina is planned to support small businesses throughout the state through lending initiatives and equity investments in venture capital funds. The NC Rural Center has been allocated this allotment of State Small Business Credit Initiative funding to continue these programs by the U.S. Treasury Department through the N.C. State Legislature’s recently passed budget.

ROCKINGHAM — The Richmond County Board of Commissioners on Tuesday approved a recommendation to resolve its debt several hundred thousand dollars cheaper.

GREENSBORO — The U.S. Attorney’s Office for the Middle District of North Carolina announces its partnership with the Justice Department’s Civil Rights Division as it launches the department’s new Combatting Redlining Initiative.

A few weeks ago, the Associated Press and a nonprofit journalism outfit called The Markup released a dataset and news stories purporting to prove the existence of pervasive discrimination against racial minorities by mortgage lenders. The McClatchy newspapers in North Carolina (The Charlotte Observer, The News & Observer in Raleigh, and the Herald-Sun in Durham) splashed the Markup/AP findings across their front pages and contributed additional reporting about the North Carolina-specific data.

RALEIGH — A new joint report from the NC Rural Center and Thread Capital shows that a decade after the Great Recession, North Carolina's small businesses are still struggling to recover and catch up with their urban counterparts in the state.