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    Posts Tagged ‘Riverside county’

    First Community Capital, Inc. certified as a Community Development Financial Institution

    Jay Diallo, CEO and Founder of First Community Capital, Inc. welcomes certification as the first and only Community Development Financial Institution (CDFI) located in Southwest Riverside County.  First Community Capital serves Southern California and Arizona.

     

    (Inland Empire, Calif.)  The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has certified First Community Capital, Inc. as the first and only Community Development Financial Institution (CDFI) located in Southwest Riverside County.  First Community Capital serves Southern California and Arizona.

    Community Development Financial Institutions play an important role in generating economic growth and opportunity in some of our nation’s most distressed communities. By offering tailored resources and innovative programs that invest federal dollars alongside private sector capital, the CDFI’s take a market-based approach to supporting economically disadvantaged communities.

    CDFI’s can loan money at very attractive rates to help people buy homes, and small businesses.

    First Community Capital helps low – and moderate-income entrepreneurs who lack sufficient training and education to gain access to capital, thereby delivering long-term economic  strength to communities while helping small businesses become more resilient.

    “We often lend to borrowers that may not meet mainstream institutions’ underwriting criteria, helping to bridge the gap between conventional lending standards and the needs of hard-to-reach borrowers,” said Diallo.

    Before starting First Community Capital in 2019, Diallo was Vice President – Community Development Lending Officer at Pacific Premier Bank in Irvine, CA.  He also served as Executive Director – PPEP Microbusiness & Housing Developing Corporation (PMHDC), in Tucson, AZ.

    Diallo earned undergraduate at bachelor’s degree in political science with a Minor in Economics, from Westmont College in Santa Barbara.  He also earned a graduate degree in Banking from Pacific Coast Banking School in Seattle, WA.  His fields of emphasis included: Credit and Enterprise Risk Management, Bank Financial Statements, Bank Financial Tools, Dynamic Leadership, Analysis of Business Conditions, Sales and Marketing.

    First Community Capital is a nonprofit 501(c)3 organization and a certified CDFI governed by an independent board of directors. The board provides fiduciary and organizational oversight, ensuring it achieves its mission of growing businesses and strengthening underserved communities in California and Arizona. The directors are responsible for approving all lending policies and procedures as well as reviewing the financial and programmatic performance of the agency.

    For more information on First Community Capital, Inc. go to https://www.fccbi.org or call (951) 249-5767

    Board of Directors

    Jay Diallo, Chairman, President & CEO

    First Community Capital, Inc.

    Mark Davis, Vice President-BDO-PM 
    Canyon Community Bank

     

    Vincent McCoy, Vice President 
    Riverside County Black Chamber of Commerce

     

    Fatimoh Muhammed

    President & CEO – Wamufat International

     

    First Community Capital Locations

     California Locations

    Southwest Riverside County

    26111 Ynez Rd. Suite B30

    Temecula, CA 92591

     

    Inland Empire

    2060 Chicago Ave. Suite A13

    Riverside, CA 92507

     

    Los Angeles County

    879 W 190th St. Suite 400

    Gardena, CA 90248

     

    Southern Arizona Market

     

    Pima County

    8321 E Broadway Blvd #103

    Tucson, AZ 85710

     

    Maricopa County

    1510 W McDowell RD #4

    Phoenix, AZ 85007

     

    Yuma County

    8321 E Broadway Blvd #103

    Tucson, AZ 85710

     

    About First Community Capital Inc.

    Established in 2019 as an economic development nonprofit agency, First Community Capital has already made significant contributions in helping entrepreneurs to start and grow their small businesses. In leveraging our network of bankers, community development organizations and leaders, we have provided training, seminars, and workshops to about 200 small business entrepreneurs. We strongly believe that with each business financed and each job created and or retained, it represents a critical step in the transformation of a life, a family, and a community.

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    Jazz And Wine Festival To Benefit Local Foster Children

    Great Sax
    (Redlands, CA) Fans of Jazz will enjoy a performance this weekend at Edwards Mansion in Redlands brought by concert promoter One Touch Management.
     
    Knotts’ Family Agency’s annual Summer Soiree Jazz and Wine Tasting “Under the Stars.” Tickets for this 7 p.m. event are $45 per person.
     
    Mark L. Akridge, son of legendary bass guitarist Mark L. “Bassdagg” Adams from Slave will highlight the Jazz event, he leads this seven-piece band, primarily influenced also by the likes of Michael Jackson, Prince, Sting and Phil Collins, as well as funk bands Zapp & Roger, Lakeside, Heatwave and New Horizon.
     

    Gwen and James Knotts

    Gwen and James Knotts

    “This will be a do not miss event,” said Gwen Knotts, owner of Knotts Family Agency. “Slave was a great band and huge part of the Black culture. You will be able to enjoy a summer evening listening to a new band that sounds a lot like Slave, while tasting some excellent wines from around the world.
     
    Knotts kids
     
    “At the same time, you will help us at Knotts Family Agency to provide cultural enrichment opportunities for foster children,” Knotts said. “You are going to experience fun and culture by coming to our summer soiree. Shouldn’t all of our children also be able to experience fun and culture through opportunities appropriate for their age?”
     
    Great food
    Listeners can also enjoy a variety of wines at the Summer Soiree. These come from Wine Guyz, who will feature a variety of international wineries. Wine Guyz has worked with Knotts Family Agency for several years to put on the wine tasting portion of the event.
     
    This year’s wine selection includes wines from Australia, Spain, Italy, Germany and France. One of the wineries featured is Yalumba, which is Australia’s oldest winery, owned by one family since 1849.

    Jorge Odonez Group wines will also be featured. Jorge Odonez is the owner of a chain of boutique wineries in Spain that focus on crafting wines from “very old” vines. These older vines, while less productive, produce wines regarded by winemakers and sommeliers as of higher quality in all respects. Jorge Odonez Group is a major importer of Spanish wines to the United States.
     
    Knotts Family Agency works with the Department of Children & Family Services in both San Bernardino and Riverside counties to identify homes and families for foster children of all ages.
    great people
    Edwards Mansion’s beautiful Victorian Tea Garden is the site for The Summer Soiree. The Garden has a picturesque fountain, hand-painted tiles in romantic motif, shade trees, colorful flowers and vine-covered arbors combine to create an elegant setting.
     
    For more information or to purchase tickets, please call: Sandy Oquin at (909) 880-0600 or go online to http://www.KnottsFamilyAgency.org/

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