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Community Impact

Spectrum Community Investment Loan Fund

The Spectrum Community Investment Loan Fund is committed to providing loans through community development financial institutions (CDFIs) to small businesses whose goods and services help meet core needs in underserved communities within Charter’s 41-state footprint. These long-term investments in financially underserved business communities positively impact the local economy with growth capital, new job creation, and stronger businesses. To date, the Loan Fund has committed $21 million in loans and expects to have this capital fully deployed in 2022.

Through these investments in local small businesses, Charter will positively impact financially underserved communities by providing growth capital, creating jobs and strengthening businesses.
~ Tom Rutledge, Executive Chairman of Charter Communications
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Community Loan Fund

Charter Invests $1 Million in CommunityWorks to Provide Small Business Loans in Underserved South Carolina Communities

The Spectrum Community Investment Loan Fund has committed to invest $1 million in CommunityWorks, a South Carolina statewide nonprofit lending institution and community development financial institution (CDFI) which will provide low-interest loans to small businesses.

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Community Loan Fund

Charter Designated Founding Partner of the Urban Empowerment Fund by the National Urban League

The Spectrum Community Investment Loan Fund is providing support that will enable the National Urban League’s Urban Empowerment Fund to become a certified community development financial institution (CDFI). This, in turn, will bolster the Fund’s ability to deliver vital capital to minority-owned small businesses in urban communities.

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Community Loan Fund News

  • Press Release

    Charter Communications and Hope Credit Union Announce $3 Million Investment to Help Small Businesses Whose Goods and Services Meet Core Needs in Underserved Communities

    Charter Communications, Inc., which operates the Spectrum brand, today announced its Spectrum Community Investment Loan Fund will invest $3 million in the Hope Enterprise Corporation (HOPE), a certified community development financial institution (CDFI) .

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  • Press Release

    Charter Invests $1 Million in the Carolina Small Business Development Fund to Provide Small Business Loans in Underserved North Carolina Communities

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  • Press Release

    Charter Invests $10 Million with National Urban League and National Action Network to Assist Black-Owned Small Businesses in Underserved Communities

    Charter Communications, Inc. today announced the company will invest $10 million in partnership with both the National Urban League (NUL) and National Action Network (NAN) to support Black and other minority-owned small businesses in underserved communities.

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Community Loan Fund

Investing in Underserved Communities

The Spectrum Community Investment Loan Fund launched in February 2020 with an initial commitment of $10 million which will be distributed to small businesses that provide goods and services that help improve the quality of life in underserved communities. Pursuit in New York and PeopleFund in Texas are the first CDFIs to receive investments of $1 million each.

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