MLCDC Releases Strategic Plan, Brings Two on Full-Time

Midlands Latino Community Development Corporation’s (www.midlandslatinocdc.org) Board of Directors has approved its strategic plan for 2017-19.

One of the strategic goals included in the plan is to develop and provide the best loan program to meet the needs of low-income minority businesses in Greater Omaha area that lack access to banks. To meet this goal, MLCDC has announced plans to become a Community Development Financial Institution (CDFI) by September 2017 and an SBA lender by December 2017. In addition, MLCDC projects the start of lending in rural areas near Omaha by June 2018. Furthermore, MLCDC will capitalize its loan fund to $1,500,000, including the use of federal funds and other loan programs that support micro lending.

MLCDC has also approved transitioning two current staff members from part-time to full-time positions. The expansion of their roles will support the escalation of lending activities, loans originations and servicing activity that is expected to result from the completion of Las Americas Global Market and the increased level of development services needed to help small businesses become established and grow. Marcela Morales, Business Development and Micro-Lending Coordinator and Maria Feijoo, Projects Development Director, started working full-time at MLCDC in January 2017.

For more information about MLCDC and the work this local non-profit organization is doing in the Omaha Metro area, please call (402) 933-4466 or visit www.midlandslatinocdc.org.