Omaha Group Receives Episcopal Grant
Diocesan Press Service. October 14, 1975 [75352]
NEW YORK, N.Y. -- An Omaha group which assists minority business enterprises has been given a one-time grant and a 1-to-1 matching grant from the Executive Council of the Episcopal Church.
Announcement of the grant to an Omaha Community Development Corporation was made here recently by Howard Quander, senior officer of the Council's Community Action and Human Development (CAHD) program.
Mr. Quander said the grant should be "recognized as a tangible expression of the Church's commitment to Jesus' ministry to the poor, powerless and oppressed. "
Community Equity Corporation manager Herbert Patten said the non-profit venture capital corporation would use the grant to assist existing minority enterprises that are having severe financial problems.
Because of the needs of these enterprises and the limited amount of money available, Mr. Patten indicated that a major portion of the grants "will be leveraged with additional financings from traditional lending sources."
Mr. Patten said "timely and crucial support" came from the Rt. Rev. Robert P. Varley, Bishop of the Episcopal Diocese of Nebraska at the time; Larry King, manager of the Omaha Franklin Community Federal Credit Union and a member of the CAHD committee, and Mr. Quander aided in making the grant possible.