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November 24, 2009

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Group lands designation

Monday, Feb. 11, 2002 | 9:45 a.m.

Nevada Microenterprise Initiative has been designated a "Community Development Financial Institution" by the U.S. Treasury Department.

NMI's mission is to promote community development through small loans to businesses, particularly those owned by or serving low-and moderate-income residents. The nonprofit NMI has loaned more than $1.5 million to start-up and existing businesses since 1991.

NMI officials hope the recognition will attract new investment from financial institutions.

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