IMMEDIATE
RELEASE: Tuesday,
May 6, 2008
MBRT Partners
with Wall Street
Without Walls
to Assist Community
Development Organizations
to Access New
Capital
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MBRT receives grant from the Western Union Foundation enabling CDCs to increase lending in economically distressed Latino Communities
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Partners with WSWW to create database of CDCs serving Latino communities and Latino finance professionals interested in giving back as volunteers
Washington,
D.C. - "This
initiative will
impact Latino
communities on
a larger scale
than a CDC could
realize on its
own. With our
partner, Wall
Street Without
Walls, the program
will help CDCs
better leverage
their lending
activities and
assets in order
to access the
capital markets
for additional
and less expensive
capital", said
Roger A. Campos,
President & CEO.
"This cheaper
capital permits
CDCs to have a
greater overall
impact through
expanded micro-lending
and community
development."
"Wall
Street Without
Walls helps community-based
economic development
organizations
prepare to access
the capital markets
for new sources
of mission capital
by engaging active
and retired investment
bankers as volunteers
whose expertise
is their philanthropy.
This exciting
partnership between
Wall Street Without
Walls and the
Minority Business
RoundTable enables
us to reach out
to both Latino
communities in
need of financial
technical assistance
and to Latino
investment bankers
interested in
volunteering their
expertise to help
create affordable
housing, jobs,
community facilities,
and commercial
revitalization.
It's always great
to see corporations
like Western Union
supporting win-win
partnerships in
community revitalization
and encouraging
volunteerism",
said John Nelson,
Co-Director.
Program
Director Marcella
Harshbarger said,
"This partnership
between MBRT and
WSWW, with funding
from Western Union,
promises to fulfill
several needs:
helping Latino
community economic
development; recruiting
Latino finance
professionals
to volunteer their
expertise; and
facilitating finance
innovation that
enhances Latino
community organizations."
About
Wall Street Without
Walls: 
The
objective of the
national initiative
of Wall Street
Without Walls
(WSWW) is to connect
the traditional
institutions and
financial products
of the capital
markets with community-based
development organizations
(CBDOs) engaged
in the diverse
work of community
economic development
in low and moderate-wealth
communities both
urban and rural.
Like "Doctors
Without Borders,"
WSWW is an opportunity
for finance professionals
to give of their
expertise in addressing
pressing social
concerns by partnering
with local economic
development organizations
that serve disadvantaged
small businesses,
individuals, and
families. For
more information
call 202-375-7762
in Washington,
DC or visit www.wallstreetwithoutwalls.com.
About the Minority
Business RoundTable:
The
Minority Business RoundTable
is the only national non-profit
organization for CEOs
of the nation's leading
African-American, Asian-American,
Hispanic-American, Native-American
and other minority-owned
businesses. Its members
analyze and help formulate
effective public policies
that impact minority-owned
business. Our corporate
members work to create
sustainable communities
and national economic
viability through successful
partnerships.
The Minority Business
RoundTable is proud to
have Aerotek, Inc., one
of the nation’s leading
provider of personnel
services, the Business
Roundtable, an association
of chief executive officers
of the country’s leading
corporations, the Kauffman
Foundation, U.S. Department
of Energy, U.S. Small
Business Administration,
U.S. Department of Homeland
Security, U.S. Department
of Labor and other federal
agencies as strategic
partners. For more information
on the Minority Business
RoundTable, please visit
www.mbrt.net.
# # #
Minority Business Roundtable
1629 K Street, N.W., Suite
300
Washington, D.C. 20006
202-289-8881
rogercampos@mbrt.net
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