The NEXT Awards have celebrated innovation by 30 of the nation’s most promising CDFIs by awarding $41.75 million through a competitive awards process over the last five years.
The Wells Fargo NEXT Awards for Opportunity Finance will continue for another five years with continued generous support from Wells Fargo and The John D. and Catherine T. MacArthur Foundation, as well as new partner, The Kresge Foundation.
The NEXT Awards for 2012–2016 will recognize the NEXT generation of CDFIs expanding CDFI coverage in underserved communities. In an increasingly challenging economic environment, CDFIs are needed more than ever to ensure that much-needed financial products and services are available in underserved markets in all 50 states. The second generation of the NEXT Awards will support those CDFIs that demonstrate creativity and develop partnerships and new business models and opportunities to meet market needs.