March 13, 2017
Launch NY Designated as Community Development Financial Institution
Serving as the Only Venture Funding CDFI Source in Upstate NY
Upstate New York, March 13, 2017 – Launch New York, Upstate New York’s first and only venture development organization (VDO) focused on transforming the economy of the 27 westernmost counties of New York State, today announced that it received the prestigious designation of Community Development Financial Institution (CDFI) from U.S. Department of the Treasury’s Community Development Financial Institutions Fund on March 7. CDFI Certification is a designation given by the CDFI Fund to specialized organizations that deliver financial solutions in economically underserved areas.