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About Portland observer. (Portland, Or.) 1970-current | View Entire Issue (Oct. 8, 1997)
**W...... . mm N V .•.■ /: X. > I.x i..7 r, "r- • • OCT. 8, 1997 x3>* Page C9 (Fl,f Uo rtlauh (Jibseruer r u ? M W /Ì M / J * EA/E LODMEN M ìnorìt 111 Minority-owned Bank Continues Success ' __ North/Northeast's Albina Community Bank awarded federal funds he Community Develop ment Financial Institu tions Fund, a program of the Department of the Treasury, announced a $400,000 equity in vestment in Albina Community T Bank. The bank, P o rtlan d ’s only community development bank, was one o f 48 community devel opment financial institutions in the nation, to be awarded funds. This investment in the bank's core capital strengthens its capi tal base and provides resources for its continued growth. The bank has grown from $ 19 million in assets to $29.7 million the past nine months, an increase of 50%, and doubled in size in the past twelve months. “We consider it a significant vote of confidence that the De partment of the Treasury is mak ing additional funds available to us to continue our work in Port land,” stated Leon Smith, bank president/CEO. “Moreover, in stead of basing its decision solely upon projections, this award ac knowledges the track record the bank has compiled since incep tion, in December 1995.” Albina Community Bank was created to focus its redevelop ment effort in North/Northeast Portland and with minority and women-owned businesses. Open twenty-two months, the bank has provided $ 15 million in commercial loans, with 67% go ing to minority or women-owned businesses. It has also financed $ 11 million in home loans, of which 75% are in N/NE Portland. The bank is also involved in several micro-lending programs and various p artn ersh ip s to stimulate small business devel opment. The CDFI Fund was created by president Clinton in 1994, to ex pand the availability of credit, investment capital and financial services in distressed urban and rural communities. The Fund awarded a total of $38.3 million in financial and tech nical assistance, this year. faton 6 3 8 Pi K illin g s w o rth St. P o rtla n d , O rego n 9 7 2 17 7 3 5 -2 8 1 0 Representatives from Providence Health Systems enjoy a break in the action during minority and student recruitment at the PCCjob fair. Celebrates Minority Business Week (Photo by M. Washington) Career Opportunities In Apprenticeship U.A. Local #290 Plumbers & Steamfitters Training Center 20220 S.W. Teton Ave. Tualatin Phone: 503 691-1997 Fax: 503 691-0908 Applications will be taken in 1997; call for information NOTICE OF NON-DISCRIMINATORY POLICY AS TO STUDENTS The United Association Local 290 Apprenticeship and Journeyman Trust Fund admits students of any race, color, national and ethnic origin to all rights, privileges, programs and activities generally accorded or made available to apprentices at the school. It does not discriminate on the basis of race, color, national and ethnic origin in administration of its apprenticeship police, admission policies, and other Trust-administered programs. ASSISTANCE FOR YOUR BUSINESS!! Portland Community College’s Small Business Development Center Here to assist those individuals contemplating, starting their own business or those already in business. % Services Include: One-on-one Business Counseling !< Resource Center Entrepreneurial Library V I Classes and Workshops ilx l< Quick Start I and II Programs Small Business Management Entrepreneurial Series flx l< Now Available In Columbia County... Free Business Advising! Call our St. Helens number (503) 397-1131. for appointment availability. Classes and Workshops held at the Columbia Center 375 S 18th St., St. Helen, OR Call (503) 978-5080 or Fax: (503) 222-2570 Montgomery Park, Suite 730, 2701 NW Vaughn St., Portland. OR 97210 Hours: Mon-Fri 8am - 5pm, some evenings and Saturdays - Please call ahead AttorneysatLow 722 SUI 2nd Av. Suite 240 Portland, Oregon 97204 503.294.1414 F3 PGE's Ed Bunn. On call, on the move 24 hours a day,
