Hey Folks,
Think local when it comes to Agenda 21. Right here in Oregon the United Nations is influencing local policy using government grants, corporate grants, and donations from charities and individuals. Coos and Curry county is a microcosm for the UN plan of assimilation and centralization. Once again, most of the people involved are blind to what these types of public/private partnerships do to the economy at large.
Craft3 is a funding mechanism used to facilitate bridge loans for wetland restoration projects. It would be different if this was a private endeavor using private funding. Once government is involved force will be used. All of this can be read about in the agenda, Agenda 21.....Rob T.
Think local when it comes to Agenda 21. Right here in Oregon the United Nations is influencing local policy using government grants, corporate grants, and donations from charities and individuals. Coos and Curry county is a microcosm for the UN plan of assimilation and centralization. Once again, most of the people involved are blind to what these types of public/private partnerships do to the economy at large.
Craft3 is a funding mechanism used to facilitate bridge loans for wetland restoration projects. It would be different if this was a private endeavor using private funding. Once government is involved force will be used. All of this can be read about in the agenda, Agenda 21.....Rob T.
Craft3
http://www.craft3.org/Home
Government Investments in Craft3
Government agencies at all levels (federal, state and local) provide financial support to Craft3 to deliver credit to borrowers in underserved communities within the Pacific Northwest region. Government resources make up a typically small but important source of funding for the CDFI community as they are typically provided in the form of grants or low-cost loans that allow organizations like ours to leverage these resources, lower our cost of funds and subsequently maintain affordable rates to our borrowers. We are proud to work with national and local government agencies to deploy their resources in ways that deliver on a shared mission of supporting resilience in our communities.
At the local level, we have engaged with government agencies on place-based strategies to deliver capital to targeted populations that address a community need, including:
At the local level, we have engaged with government agencies on place-based strategies to deliver capital to targeted populations that address a community need, including:
- Washington State Department of Commerce awarded Craft3 its largest capital grant to date: $8.72 million to support job creation, entrepreneurship and small business expansion. Craft3 will partner with other lenders across the state to make State Small Business Credit Initiative (SSBCI) loans available to Washington businesses unable to access traditional sources of capital. Special efforts will be made to ensure rural entrepreneurs, women- and minority-owned businesses, and businesses in low-income communities have access to financing. Loans amounts range from $1 million to $5 million.
- Since 2007, Craft3 has partnered with Kitsap County, WA to deliver septic repair and replacement loans in the Hood Canal watershed that has reduced contamination to this important water body, increasing ecological function and commercial and recreational utilization, and has resulted in the ability for low-income borrowers to maintain homeownership.
- Partnerships with the Cities of Portland and Seattle to deliver energy efficiency retrofit loans to homeowners and businesses that reduce greenhouse gas emissions, lower energy costs, create ‘green collar’ jobs and increase neighborhood stabilization
- A partnership with the City of Astoria, OR to deploy a portion of their Urban Renewal Agency resources as loans to businesses and high impact real estate investments that encourage additional economic development in the District.
Corporate Investments in Craft3
At Craft3, we are proud to count corporations among our investors, including many national, region and community banks. We find our investors appreciate our commitment to closely managing not only the performance of our investments in resilience, but also in the close management of our own business.
Perhaps most importantly, when you invest with Craft3, you ensure your investment will create the biggest possible impact. That's because at Craft3, we pride ourselves on our ability to amplify our resources for the greatest outcomes. Learn about the business strategy that helps us accomplish this.
Whether you are a bank eager to make Community Reinvestment Act investments, or another kind of business committed to social responsibility, if your mission aligns with our mission, we are excited to collaborate.
Below are a few examples of how Craft3 has partnered with corporate investors to deliver capital and social outcomes to shared target markets:
Perhaps most importantly, when you invest with Craft3, you ensure your investment will create the biggest possible impact. That's because at Craft3, we pride ourselves on our ability to amplify our resources for the greatest outcomes. Learn about the business strategy that helps us accomplish this.
Whether you are a bank eager to make Community Reinvestment Act investments, or another kind of business committed to social responsibility, if your mission aligns with our mission, we are excited to collaborate.
Below are a few examples of how Craft3 has partnered with corporate investors to deliver capital and social outcomes to shared target markets:
- Craft3 is one of Goldman Sachs’ newest capital partners through the 10,000 Small Businesses initiative. Goldman Sachs Bank and Goldman Sachs Foundation have awarded Craft3 $5.5 million to support growth of its small business lending.
- JPMorgan Chase Bank and JPMorgan Chase Foundation have made both debt and equity investment in Craft3 to increase small business lending in underserved communities in Oregon and Washington.
- When Craft3 was expanding its service area to Washington’s Olympic Peninsula, Sound Community Bank and First Federal Savings and Loan made Equity Equivalent Investments (EQ2s) to Craft3 to provide dedicated capital to finance borrowers in that region
- As Craft3 was expanding its technology platform to facilitate automate loan processing, track an increasing amount of data and measure performance related to septic lending in Puget Sound, The Boeing Company provided an operating grant to support this work.
Philanthropic Investments in Craft3
We proudly work with many philanthropic and religious institutions, deploying their funds into the Pacific Northwest in a way that creates the greatest possible resilience in the region. We are proud to have built a reputation as the community development financial institution who can create the maximum, amplified impact from the organization's investment. Learn about the business strategy that helps us accomplish this. Craft3 has pioneered the use of Program Related Investments (PRIs) from foundations that share our mission.
From the Ford Foundation, to the F.B. Heron Foundation, and the Bill and Melinda Gates Foundation, our philanthropic investors are among the best in the non-profit world.
From the Ford Foundation, to the F.B. Heron Foundation, and the Bill and Melinda Gates Foundation, our philanthropic investors are among the best in the non-profit world.
- Meyer Memorial Trust, an early investor in Craft3 and one that has provided significant capital support over the years, awarded its largest PRI to date to us in 2011 to capitalize the Conservation Bridge Fund. Proceeds are used to provide up front capital to land trusts and conservation organizations to secure land that will result in significant ecological benefits in Oregon and the Columbia Gorge.
- In an effort to make their resources go further and to leverage additional investment in disadvantaged communities in South Seattle and South King County, WA, The Seattle Foundation made a PRI to Craft3. This partnership allows us to revolve their resources and provide capital to an increased number of women, minority and immigrant businesses in these neighborhoods.
- With shared mission objectives of social equity and environmental conservation, The Sisters of Providence – Mother of Joseph Province invests in Craft3 to deliver capital that creates opportunity in underserved communities throughout the region.
Community Impact Investment Notes
Investments through a Craft3 Community Impact Investment Note are combined with financial resources from other partners in Craft3’s revolving loan fund to make loans to borrowers in low-income and under served communities of Oregon and Washington. 100% of Note proceeds are lent to Craft3 borrowers, including entrepreneurs, non-profits, individuals and others who do not normally have access to financing. These investments strengthen the economic, ecological and family resilience of Pacific Northwest communities.
Craft3 Community Impact Investment Notes are offered to accredited investors as unsecured senior debt with general recourse to Craft3. Notes are purchased for a specific number of years at a fixed rate of interest. Interest is generally paid annually and principal is repaid at maturity. Notes are not deposits and they are not insured by the FDIC or any other agency of the U.S. government.
Craft3 Community Impact Investment Notes have not been registered under federal securities law under an exemption from registration for securities issued by charitable organizations. The Securities and Exchange Commission has not made an independent determination that the notes are exempt from registration.
Prospective investors are advised that this is not an offer to sell a security or investment. All investors must review the offering memorandum before considering an investment with Craft3.
To review the offering memorandum you must first confirm that you are an accredited investor by visiting here.
For more information, please contact Maggie Kirby, Development Manager at 541-385-6034 ext 115.
Craft3 Community Impact Investment Notes are offered to accredited investors as unsecured senior debt with general recourse to Craft3. Notes are purchased for a specific number of years at a fixed rate of interest. Interest is generally paid annually and principal is repaid at maturity. Notes are not deposits and they are not insured by the FDIC or any other agency of the U.S. government.
Craft3 Community Impact Investment Notes have not been registered under federal securities law under an exemption from registration for securities issued by charitable organizations. The Securities and Exchange Commission has not made an independent determination that the notes are exempt from registration.
Prospective investors are advised that this is not an offer to sell a security or investment. All investors must review the offering memorandum before considering an investment with Craft3.
To review the offering memorandum you must first confirm that you are an accredited investor by visiting here.
For more information, please contact Maggie Kirby, Development Manager at 541-385-6034 ext 115.
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