In 2012, TCF awarded a $54,000 grant to Woodlands Community Lenders.
Tucker Community Foundation made an investment into Woodlands Community Lenders
which is an alternative small business lending group that supports new and growing small businesses in the three county area: Barbour, Randolph and Tucker Counties in West Virginia.
And that initial investment leveraged significant amounts of Federal funding. We’ve now loaned over $1.2 Million in three years into the region. We’ve supported 46 businesses, 20 of which are startups. That has leveraged in another $3.2 Million from private investors, local banks primarily. That’s led to the creation of 72 jobs and the redevelopment of over 70,000 square feet of downtown space.
I like to tell the story, just about three weeks ago, that we had 3 back to back closings. So we had a tattoo parlor, a new logging business, and a gospel music group all within a day of closing. So those are the kinds of businesses we are supporting.