By the Numbers

Enterprise Financial CDE

Enterprise Financial CDE (EFCDE) is a Community Development Entity and an affiliate of Enterprise Bank & Trust. EFCDE competes for New Markets Tax Credit (NMTC) allocation authority through a competitive application process to bring subsidized capital to low-income communities across the Midwest and Southwest, including Arizona, California, Illinois, Kansas, Missouri, Nevada, New Mexico and Texas.

Our mission to reverse disinvestment in distressed communities stems from our community development framework of the Social Determinants of Health — addressing the conditions and communities in which people grow, work, live and age. Inclusive of economic, health and social factors, our investments stimulate job growth that improves financial empowerment for residents of low-income communities and improve access to health and essential social and community services that close disparity gaps and enhance long-term outcomes for underserved populations.

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8

times EFCDE has been awarded NMTC allocation authority from the CDFI Fund.

12,300

jobs created and retained in low-income and underserved communities.

$118.8 Million

extended in funds over the past five years to help build or rehabilitate commercial real estate or community facilities through NMTC financing, totaling 395,885 sq. ft.

$433 Million

of NMTC allocation authority awarded to EFCDE since our first award in 2011.

140,000+

low-income people or residents of underserved communities served through EFCDE’s NMTC investments that have expanded access to healthcare, wellness, childcare, job training and other community services.

$500,000 - $12 Million

typical dollar range of EFCDE NMTC funding provided as gap funding for projects.

27%

of EFCDE NMTC projects funded in non-metro census tracts since our first award.

$857 Million

total project costs that EFCDE funding has subsidized across underserved communities.

70

deserving borrowers funded with EFCDE allocation, including those across the manufacturing sector, healthcare, multiservice community facilities and small operating businesses.

38%

of EFCDE's NMTC funding over the past 5 years, by project, has helped growth-oriented small businesses and manufacturing/industrial companies grow through working capital, inventory or equipment purchase.

88%

of investment dollars over the past five years have been located in underserved non-metro or severely distressed metro areas by primary criteria, including those with poverty rates greater than 30%; median family income at or below 60% of applicable area median income; and/or unemployment rates at least 1.5 times the national average.

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