Hey Folks,
The following story is from Craft3, which is a tax payer funded nonprofit, NGO. The group lends money to businesses using public taxes and uses the interest on the borrowed funds to build up the groups portfolio.
It might be good for a few select businesses, but it is a form of government economic development with a heavy emphasis on environmental friendly industries or what I call enviro-eco-devo mumbo-jumbo. The organization sets the policies to control the recipients and to eliminate any undesired elements. Banks, and Saving and Loans Companies, had financial standards, but did not focus on the function of the company to make sure it provided some predefined community or environmental benefit. Those policies of government administrators having the power to pick winners and losers is a form of Economic Fascism. Please read the report to see where the money went, because you are paying for it.....Rob T.
The following story is from Craft3, which is a tax payer funded nonprofit, NGO. The group lends money to businesses using public taxes and uses the interest on the borrowed funds to build up the groups portfolio.
It might be good for a few select businesses, but it is a form of government economic development with a heavy emphasis on environmental friendly industries or what I call enviro-eco-devo mumbo-jumbo. The organization sets the policies to control the recipients and to eliminate any undesired elements. Banks, and Saving and Loans Companies, had financial standards, but did not focus on the function of the company to make sure it provided some predefined community or environmental benefit. Those policies of government administrators having the power to pick winners and losers is a form of Economic Fascism. Please read the report to see where the money went, because you are paying for it.....Rob T.
Craft3 is a nonprofit lender strengthening economic, ecological and family resilience in Pacific Northwest communities. We do this by providing loans to entrepreneurs, nonprofits, individuals and others who don't normally have access to financing.
Craft3 is pleased to celebrate 20 years of impact in the Pacific Northwest. After two decades our founding vision remains: to strengthen economic, ecological and family resilience in the region. In our 2013 Annual Report, we share the successes of our borrowers, the individuals and businesses that have partnered with Craft3 to improve their own circumstances. Below are the highlights of our 2013 Annual Report. Enjoy!
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