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Kim Lyle of Dorchester Bay Economic Development Corporation joins the pod this week to talk about the importance and impact of community development finance. She shares her love for building things that don’t yet exist, passion to get money to people out there who hustle, and why green lending hits all of DBEDC’s impact areas.
Editor’s Note: Since the time of this recording, the current administration has proposed a budget bill that would have a significantly negative impact on the availability and flow of IRA funds. At the time of this post, the bill has passed the Senate but would need to be confirmed by the Senate before going into effect.
Timestamps:
- 00:00 Introduction to CDFIs and Their Impact
- 02:54 The Role of CDFIs in Economic Equity
- 05:58 Challenges Facing CDFIs Today
- 09:06 The Inflation Reduction Act and CDFIs
- 11:59 Kim Lyle's Journey to Dorchester Bay
- 15:09 Dorchester Bay's Mission and Operations
- 17:52 Innovations in Green Lending
- 21:05 Advice for Future Generations
- 23:52 The Importance of Nonlinear Career Paths
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