NCRC’s Community Development Fund Named to Fast Company’s Annual World’s 50 Most Innovative Companies List for 2022

WASHINGTON, March 8, 2022 /PRNewswire/ — The NCRC Community Development Fund, Inc. (NCRC CDF) did fast businessthe prestigious annual list of The most innovative companies in the world for 2022, placing ninth in the “Small and Mighty” category.

This year’s list honors companies that have the greatest impact on their industries and culture as a whole, ultimately thriving in today’s ever-changing world. These companies are creating the future today with some of the most inspiring achievements of the 21st century. In addition to the 50 most innovative companies in the world, 528 organizations are recognized in 52 categories.

The impact of the pandemic has been felt hard by Black, Latino and women-owned businesses, and the NCRC CDF has risen to the challenge, showing strength in support by deploying $17 million in the form of grants, PPP loans, low-interest capital, and investments in small businesses at a time when these entrepreneurs needed it most.

“Last year, 87% of our small business loans went to black and Latino entrepreneurs, of whom nearly 50% are women,” said Marisa Calderongeneral manager of NRC CDF and Head of Community Finance and Mobility for the National Community Reinvestment Coalition (NCRC). “We’re not just mission-driven, we’re passionately focused on helping entrepreneurs thrive. Our approach is to find a way to achieve yes, and our support for entrepreneurs goes beyond funding for the business coaching, building their social capital, and amplifying awareness of their business through communications and marketing efforts.”

The NCRC CDF team is “small and mighty”, and its diversity is a competitive advantage. He intentionally assembled a team with language skills, technical skills and cultural competence that truly reflect and respond to the needs of his borrowers.

fast businessThe editors and editors of have researched the most groundbreaking companies across the globe and industries. They also judged the applications received as part of their application process.

The most innovative companies in the world are fast businessand one of his most anticipated editorial efforts of the year. It provides both a snapshot and a roadmap for the future of innovation in the most dynamic sectors of the economy.

“The world’s most innovative companies are playing a vital role in solving the most pressing problems facing society, whether they’re tackling climate change by driving decarbonization efforts, easing pressure on supply chains supply or by helping us to reconnect around shared passions”, mentioned fast business Associate Editor David Lidsky.

For the second consecutive year, on the occasion of the launch of the issue, fast business will welcome his Most Innovative Companies Summit April 26 and 27. The multi-day virtual summit celebrates the most innovative companies in business and offers a first look at key business trends and insight into what it takes to innovate in 2022. fast businessit’s Most Innovative Companies issue (March/April 2022) is available online hereas well as as an app via iTunes, and in newsstands from March 15. The hashtag is #FCMostInnovative.

ABOUT NRC CDF
the NRC Community Development Fund, Inc. (NCRC CDF) is a U.S. Treasury-certified Community Development Financial Institution (CDFI) that works to increase homeownership and support small businesses for underserved populations. NCRC CDF provides loan capital that expands access to affordable home ownership for low-to-moderate income people, and provides loan capital and technical assistance to help Black, Brown and African-owned businesses. women to thrive. NCRC CDF is an affiliate of the National Community Reinvestment Coalition (NCRC), a nonprofit organization made up of more than 600 community member organizations nationwide that promote access to basic banking services, affordable housing, entrepreneurship and job creation.
For more information, please visit https://www.communitydevelopmentfund.org/.

ABOUT FAST COMPANY
fast business is the only media brand entirely dedicated to the vital intersection of business, innovation and design, engaging the most influential leaders, companies and thinkers on the future of business. Based at New York City, fast business is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be viewed online at www.fastcompany.com.

SOURCE NRC Community Development Fund

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