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Indiana Launches Community Investment Fund

The fund will be used to raise capital, credit and financial services to communities and businesses across Indiana that do not access to those resources.

Fifth Third Bank

Photo: Thomas Merton (Flickr)

Fifth Third Bank made the first large donation to the new fund.

Lt. Governor Becky Skillman joined others Friday to announce the launching for the Community Investment Fund of Indiana (CIFI). The fund was created by the Indiana Housing and Community Development Authority to help raise capital, credit and financial services to communities and businesses across Indiana that may not have access to such resources.

CIFI Board Chair Tom McGowan says this investment fund is very much needed across the state. CIFI received their first donation of $200 dollars from Fifth Third Bank, and McGowan says that first donation will be the launching point for more donations in the future.

“The CIFI staff is working very hard to reach out to the various financial institutions,” he says. “This, of course, is an important day because now that we have our first commitment, success builds upon success.”

He says all of the money going into the fund will come from private donations throughout Indiana to help build stronger business and stronger communities.

Network Indiana

Network Indiana Indiana's Only Audio News Network. Network Indiana is dedicated to providing the state of Indiana important and useful information.

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