MLCDC News

Board Resolution about MLCDC's Mission Statement

MLCDC in the process of its CDFI certification

The Board of Directors of the Midlands Latino Community Development Corporation (MLCDC) adopted and approved the following Mission Statement of MLCDC:

Mission:

MLCDC provides Latinos with opportunities to generate economic growth by providing financial products, development services and community development that advances their ability to develop a sustainable future in the Midlands.

MLCDC Releases Strategic Plan, Brings Two on Full-Time

MLCDC has approved its strategic plan for 2017-19.

One of the strategic goals included in the plan is to develop and provide the best loan program to meet the needs of low-income minority businesses in Greater Omaha area that lack access to banks. To meet this goal, MLCDC has announced plans to become a Community Development Financial Institution (CDFI) by September 2017 and an SBA lender by December 2017. In addition, MLCDC projects the start of lending in rural areas near Omaha by June 2018. Furthermore, MLCDC will capitalize its loan fund to $1,500,000, including the use of federal funds and other loan programs that support micro lending.

MLCDC has also approved transitioning two current staff members from part-time to full-time positions. The expansion of their roles will support the escalation of lending activities, loans originations and servicing activity that is expected to result from the completion of Las Americas Global Market and the increased level of development services needed to help small businesses become established and grow. Marcela Morales, Business Development and Micro-Lending Coordinator and Maria Feijoo, Projects Development Director, started working full-time at MLCDC in January 2017.

MLCDC Awarded $25,000 Grant

NALCAB/SAM's Club grant will Increase Small Business Lending

The Midlands Latino Community Development Corporation (MLCDC) has been awarded a $25,000 grant from the Sam’s Club Charitable Giving Program. Approved by the National Association for Latino Community Asset Builders (NALCAB), these grants are given to organizations nationwide that are dedicated to actively increasing lending to small and microbusinesses.

Celebrating its 10th anniversary, MLCDC provides Latinos with opportunities to generate economic growth in the Midlands. Through its micro-lending program, MLCDC helps small businesses that have no access to bank loans by providing business loans. These initiatives include developing business plans tailored to ongoing management and operations, assisting owners in the preparation of documents necessary to bank loans and/or other financing through micro-lending. MLCDC will also officially become a Community Development Financial Institution (CDFI) in 2017. These are institutions that are 100% dedicated to delivering responsible, affordable lending to help low-income, low-wealth, and other disadvantaged people and communities join the economic mainstream. .

For more information about MLCDC and the work this local non-profit organization is doing in the Omaha Metro area, please call (402) 933-4466 or visit www.midlandslatinocdc.org. .

MLCDC has been awarded with a $800,000.00 CED grant from the OCS

South Omaha Real Estate Project

MLCDC has been awarded with a $800,000.00 Community Economic Development (CED) grant from the Office of Community Services of the Health and Human Services.

$560,000 of CED funds will be used to develop Las Americas Kitchen Express to be a fully equipped, commercially licensed kitchen for use by start-up or expanding food production businesses. MLCDC will make a $70,000 equity investment in Melina’s Food LLC to develop a tortilla factory. MLCDC will also make a $70,000 equity investment in Little Miss Fashion, a clothing manufacturer, to expand its production in this facility. And, $100,000 will be used to administer the program and provide technical assistance to support the creation of jobs by the participating businesses.

Las Americas Global Market (South Omaha Mixed Real Estate Project) located at 5025 South 33rd St. in South Omaha NE. The property is owned by Community Investment Opportunities LLC and MLCDC is a managing member.

Wome's Fund of Omaha Awards $ 10,000 to MLCDC

Grant to Fund Latina Women Development Go Forward

Midlands Latino Community Development Corporation (MLCDC) is pleased to announce it was recently awarded a $10,000.00. Thanks to the generosity of Women’s Fund of Omaha, MLCDC will develop the skills of low income Latina women who are planning to start and grow their businesses. MLCDC will provide training, coaching and technical assistance to low income Latina women to create successful and sustainable businesses and self-employment opportunities funded with micro loans and grants

4.6% of Spanish speaking people in Douglas County speak English “less than very well”. 12.6% of the Latino households in the greater Omaha area are headed by females and 7.5% have children under the age of 18. 38% of these families live in poverty. This indicates the need for female heads of household to improve their economic circumstances. 2010-2014 American Community Survey 5-Year Estimates.

Women’s Fund of Omaha support for this program is greatly appreciated by Midlands Latino Community Development Corporation and many lives will change in a positive way, thanks to all who made a Contribution,” said Marta Sonia Londoño Mejia, Executive Director of MLCDC.