Newsletter – Issue 73
As a non-profit organization, NWBDA is able to provide grants on an annual basis to other organizations or programs who provide economic or community development in the areas that NWBDA serves. This year, NWBDA was able to give away a grand total of $100,000 to organizations devoted to making an impact.
Nuestras Raíces – Spokane, WA
Nuestras Raíces’ Focus: Serving the Hispanic/Latino community with business support, social justice, student engagement & wellbeing. They love to share their culture with everyone, and they welcome anyone to join their membership and cultural events!
About Nuestras Raíces’: Nuestras Raíces is a community center that is committed to increase public awareness and pride in the depth and diversity of Hispanic/Latino culture through their 501c3 and 501c6. Their community center promotes and serves the Hispanic/Latino interest through cultural, business outreach, social justice and wellbeing of our community. Community. Empowerment. Cultura. Equity.
Their 4 major programs are:
Esperanza – A social service program serving all ages with the intent to better our community’s well-being, through peer and mental health counseling, including a culturally appropriate weekly food pantry.
LUNAA – Youth engagement, empowerment and leadership through fellowship opportunities, LGBT support, scholarships, jobs, mentorship and sports.
Exito – Economic Development with financial literacy and education, entrepreneurial guidance and technical support via one-on-one consultations.
Cultural: Sharing cultural traditions and customs through dance groups, a gathering space, and events such as Dia de los muertos, Tacos y Tequila (two-day festival Downtown Spokane) and Ballet folclórico de Spokane.
Grant Funds: BIPOC-led businesses were among the hardest hit by COVID-19 related closures. Many will not recover without access to commercial kitchen facilities that align with their business stability and growth priorities. Nuestras Raices expects to host regular cooking classes and will use the space to prepare celebratory meals with students in our programs as they complete academic and career-related milestones.
Grant funds will help Nuestras Raices and partners launch a culturally and linguistically attuned commissary kitchen, led by and implemented for marginalized minority communities. The kitchen will be outfitted with the equipment, small wares, storage, packaging, and preparation materials that are in demand among culturally specific food businesses, but unfulfilled in the current market.
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NWBDA is so thankful to be able to give back to our community and help the world around us. We are incredibly grateful to our lenders and borrowers; thanks to their continued patronage, we are able to support others.
NWBDA is delighted to support these unique organizations who are striving to change their communities and make a better place for everyone. We encourage everyone to visit these amazing places and make your own impact.
“Small things done with great love will change the world.”
— Mother Teresa —
October’s Loan Fundings
NWBDA funded 4 new
projects for the total amount
October’s Loan Approvals
NWBDA approved 3 new
projects for the total amount
In the month of October,
create 56 new jobs
in the local communities
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