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New York’s $100 million loan fund for small businesses is a model for a $1 billion national fund

ImpactAlpha, May 26 – New York Gov. Andrew Cuomo may have been listening in to ImpactAlpha’s Agents of Impact call last week. The state’s New York Forward Loan Fund will channel $100 million  through five local community development financial institutions to the kind of small, minority-owned businesses that have been left behind in hastily prepared