Ann Fedorchak and Mary Alex Blanton, of National Cooperative Bank (NCB); and Alison Powers, of Capital Impact Partners discuss the history, purpose and impact of the Cooperative Innovation Award.
National Cooperative Bank in partnership with Capital Impact Partners, launched the 2022 Co-op Innovation Award to empower organizations to increase economic opportunity for the communities they serve, and advance cooperative development in communities of color and/or historically disinvested communities. Priority will be given to food, worker, and housing co-ops, but all sectors are invited to apply.
Interested parties may visit Capital Impact Partners website https://bit.ly/3iR4CYk to access the application. Organizations must submit letters of intent by May 3rd, to apply for a grant award of up to $50,000.
Ann Fedorchak is a Senior Vice President at National Cooperative Bank. She directs NCB’s cooperative and community development initiatives and strategy; and leads the Specialty Finance line of business, covering a range of mission-focused sectors including healthcare, affordable housing, not for profit organizations and Community Development Financial Institutions.
Mary Alex Blanton is Senior Vice President, Director of Strategic Marketing for National Cooperative Bank. In this role, she manages NCB’s marketing, advertising, corporate communications, public relations, and brand for the bank.
Alison Powers is the Director of Economic Opportunities at Capital Impact Partners. Alison works to amplify the potential of the co-op model for all people through technical assistance, grant funding, and financing for capital projects.
National Cooperative Bank‘s mission is to support and be an advocate for America’s cooperatives and their members, especially in low-income communities, by providing innovative financial and related services.
Capital Impact Partners is a national Community Development Financial Institution that invests capital and commitment to help people build communities of opportunity that break barriers to success.
Our host, Vernon Oakes, is a consummate advocate for cooperatives. He is a Past President of the National Association of Housing Cooperatives, and has served on several boards and committees to advance the interests of cooperatives. Recently, he served on the Limited Equity Cooperative Task Force, established by Anita Bonds, At-Large Member of the Council of the District of Columbia. Vernon is an MBA graduate of Stanford University, who has used his business acumen to benefit the community, by promoting the added value of the cooperative business model.