At Charter, we value the opportunity to empower the people and communities we serve, and that includes playing an active role in the success of local businesses. That’s why we are expanding access to financial resources for small and minority-owned businesses in largely underserved areas to help support entrepreneurs and uplift the communities where we live and work.
The Spectrum Community Investment Loan Fund provides loans through community development financial institutions (CDFIs) to small businesses whose goods and services help meet core needs in underserved communities across our 41-state footprint. To date, the Loan Fund has more than $29 million in committed loan capital, capacity grant donations, and in-kind contributions, with commitments to 15 CDFIs covering 15 states.
Most recently, Charter announced a million dollar capital commitment to NDC Community Impact Loan Fund, and at the end of 2022, Charter announced a $3.2 million capital commitment to the Raza Development Fund (RDF) to support Latino-owned small businesses in underserved areas of California, Texas, Ohio, and Florida – and at least $1 million of this investment is intended to provide small business loans within our California service area. This is in addition to commitments to the National Urban League and in partnership with National Action Network, and with other CDFIs that focus on uplifting minority businesses.
Through these partnerships, the Loan Fund directly invests in the communities where Charter’s employees and customers live and work. Learn more about the Loan Fund and its direct community impact:
The success of minority-owned businesses in our communities benefits everyone, and Charter is proud to invest in these entrepreneurs who are powering our future.