PRESS RELEASE

CAMEO Awarded $2M Grant to Launch Country’s First CDFI Shared Services Center CAMEO has been awarded $2 million from Citi Foundation’s Community Finance Innovation Fund. With the new funding, CAMEO will launch the country’s first Shared Services Center for Community Development Financial Institutions (CDFIs), which will help the mission-driven lenders strengthen their organizations to serve growing small business demand for their services. “CDFIs proved their worth as economic first re...

Riviera Beach, FL – June 16, 2021 – The Palm Beach County Black Business Investment Corporation (PBCBBIC) was awarded $1.3 million in grant funds by the the U.S. Department of Treasury – CDFI Fund on Tuesday, June 15, 2021. The announcement came at a White House press briefing facilitated by Vice President Kamala Harris and Treasury Secretary Janet Yellen. The grant funds will be used to bolster PBCBBIC’s lending to Black-owned businesses. During the event, VP Harris announc...