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Small bank seeds green lending with assist from fintech
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Join VA-01 Minority Small Business Workshop on Facebook Live
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Business notes for the week of April 12
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That’s $4 trillion dollars the Federal Reserve created out of thin air most of it created between February and April 2020.
But what did all those new dollars mean to the 22 million people who lost their jobs over those same months as the pandemic took hold? Ten million are still counted as unemployed today, not to mention the millions behind on rent or mortgage payments, at risk of eviction or foreclosure. Or what about for the estimated 41 percent of Black-owned businesses that closed over the same February to April of 2020?
State and local governments are using an assortment of tools to push that money in the direction of the people and businesses hit hardest by the pandemic which happen to be disproportionately Black, Indigenous or other people of color.
5 Questions with Paul Nolde, Fund Manager/Managing Director, Riverflow Growth Fund
“5 Questions With…” is a weekly BioBuzz series where we reach out to interesting people in the BioHealth Capital Region to share a little about themselves, their work, and maybe something completely unrelated. This edition features
5 Questions with
Paul Nolde, Fund Manager/Managing Director, Riverflow Growth Fund.
Paul Nolde has close to two decades of experience in the banking, finance, and venture capital sectors, serving in multiple business development and management roles. As the Fund Manager and Managing Director of Riverflow Growth Fund, a seed-stage venture capital fund based in Richmond, VA, Paul is responsible for all aspects of fund management and investment-related processes. This includes business development, deal flow cultivation and due diligence, syndicate investor cultivation, investor relations, and portfolio management (including board service).