More than 5,800 new jobs will be created in California, Arizona and Nevada over the next 2 years because of the $914 million in financing CDC Small Business Finance provided to small businesses.
The projections are part of CDC’s 2013 Impact Report released this week. The new jobs will come from the 470 small businesses that received loans from CDC last year to help expand and grow. More than 30 percent of the loans went to businesses owned by women, minorities and U.S. military veterans.
Over the last 36 years, CDC has helped more than 10,000 entrepreneurs leverage over $12 billion to grow their companies and create 130,000 new jobs. Such performance has propelled CDC to the #1 ranking in the nation for providing capital to small businesses. The Impact Report includes total financing CDC provided to high-growth industries in 2013, including manufacturers, wholesalers, retailers and healthcare professionals.