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LEDC in the News

LEDC in the News (14)

Friday, 28 October 2016 10:33

LEDC's Visionaries Program Screening

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The Latino Economic Development Center (LEDC) will be profiled in the upcoming season of Visionaries, the award-winning public television series, hosted by acclaimed actor Sam Waterston of HBO's The Newsroom and formerly of Law & Order. Visionaries will begin airing on PBS stations across the country in the fall of 2016.


Selected from hundreds of nonprofits nationwide LEDC is a leading organization driving economic and social advancement of low to moderate-income Latinos and other underserved communities in the D.C. and Baltimore Metropolitan Areas. The program featuring LEDC highlights examples of economic survival and sustainability in the communities LEDC serves as well as for the organization itself. "We at LEDC were so excited to partner with the Visionaries team on producing this important depiction of our work. Sustainability is a challenge for our neighborhoods and for our organization and this piece demonstrates that in a poignant way across all of our programs and markets," said LEDC Executive Director, Marla Bilonick.


LEDC will be screening the Visionaries program that features their organization on Wednesday, November 9th at the WeWork Wonderbread Factory/LEDC Offices at 641 S Street NW Washington, DC 20001.


The screening is part of LEDC's 3-part celebration of their 25th Anniversary and will include a panel made up of individuals who helped shape the organization.


Light appetizers by WAPA CAFE BOUTIQUE and beverages will be provided.
 
Friday, 21 October 2016 14:46

Rob Wohl, at the Preservation Panel

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Our Tenant Organizer, Rob Wohl, at the Preservation Panel
Friday, 21 October 2016 14:40

#LineaDirecta #SaludFinanciera

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Nuestra Directora de Vivienda, Walda Yon, en la grabación del programa de#LineaDirecta


Friday, 21 October 2016 13:42

Baltimore's Minority and Women-Owned Business Award

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We are so honored to have received Mayor Stephanie Rawlings-Blake's Minority and Women-Owned Business Award last night!

Thank you so much!!!

#Baltimore #MD #SmallBiz



Friday, 21 October 2016 12:42

LEDC's 25th Anniversary Happy Hour

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LEDC's 25th Anniversary & #HispanicHeritageMonth Celebration.









Washington, D.C.-October 18th, 2016- The Latino Economic Development Center (LEDC) will be profiled in the upcoming season of Visionaries, the award-winning public television series, hosted by acclaimed actor Sam Waterston of HBO's The Newsroom and formerly of Law & Order. Visionaries will begin airing on PBS stations across the country in the fall of 2016.

Visionaries returns with six-half hour episodes that take the viewer around the world to experience the lives of extraordinary people tackling some of the humanity's toughest challenges. These are timely stories that address issues from today's newspaper headlines: immigration, mental health, income disparity, global sustainability and social innovation. Sam Waterston guides us on social change initiatives that lead to real solutions with proven outcomes, many of which have the potential to change the world.

Selected from hundreds of nonprofits nationwide LEDC is a leading organization driving economic and social advancement of low to moderate income Latinos and other underserved communities in the D.C. and Baltimore Metropolitan Areas.The program featuring LEDC highlights examples of economic survival and sustainability in the communities LEDC serves as well as for the organization itself. "We at LEDC were so excited to partner with the Visionaries team on producing this important depiction of our work. Sustainability is a challenge for our neighborhoods and for our organization and this piece demonstrates that in a poignant way across all of our programs and markets," said LEDC Executive Director, Marla Bilonick.

LEDC will be screening the Visionaries program that features their organization on Wednesday, November 9th at the WeWork Wonderbread Factory/LEDC Offices at 641 S Street NW Washington, DC 20001.The screening is part of LEDC's 3-part celebration of their 25th Anniversary and will include a panel made up of individuals who helped shape the organization.

"I can't remember a season when Visionaries had the opportunity to meet so many incredible people. I think public television viewers are going to be inspired and moved to action," said Bill Mosher, Founder and Director of Visionaries.

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About Visionaries:

Visionaries is a documentary series, hosted by acclaimed actor Sam Waterston, that highlights the rarely told stories of individuals and nonprofit organizations that are working to create positive social change throughout the world. Visionaries is the winner of several Telly Awards and received an Emmy nomination for Best Documentary. Visionaries has produced over 200 documentaries for its nationally broadcast public television series, which is currently airing its 21th season is presented by WGBY in Springfield, MA. For more information, please visit www.visionaries.org.

LEDC Receives Two Federal Awards to Support Entrepreneurs in the Greater DC and Baltimore Regions

 

Washington, D.C. - According to an Aspen Institute report (2015) regarding the racial wealth gap, the lack of wealth in Latino and African-American communities is related to the lack of businesses and financial assets. On September 27th, 2016, the U.S. Department of the Treasury announced its awardees for its Community Development Financial Institution Fund (CDFI Fund) program. The Latino Economic Development Center (LEDC) was one of  three organizations in DC and one of two operating in Baltimore who received this award. LEDC will be receiving $500,000 from the Treasury Department to support its small business micro-lending efforts in the DMV region. 

The same week, on September 30th, 2016, LEDC also learned that it had been awarded $400,000 from the Department of Health and Human Service's (HHS) Community Economic Development (CED) program to provide local DC businesses with financing in order to create jobs with living wages for low-income DC residents.   

This is a historic time for LEDC as it is the first time it has secured two federal grants of this size in one year, and the first time it has been awarded Community Economic Development funding through HHS. "We are so excited and honored to have been selected as 2016 CDFI Fund and CED recipients. The new businesses and jobs that will result from LEDC's financing efforts will help low income residents advance economically, strengthen their financial self-sufficiency, and contribute to the revitalization of Washington, D.C and Baltimore City, MD neighborhoods," said LEDC Executive Director, Marla Bilonick.


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About the CDFI Fund:
Since its creation in 1994, the CDFI Fund has awarded more than $2.2 billion to CDFIs, community development organizations, and financial institutions through the CDFI Program, the NACA Program, the Bank Enterprise Award Program, the Capital Magnet Fund, and the Financial Education and Counseling Pilot Program. To learn more about the CDFI Fund and its programs, please view the  Fact Sheet or visit the CDFI Fund's website at  www.cdfifund.gov.  
 
 
About Community Economic Development:
The Community Economic Development (CED) program is a Department of Health and Human Services, Office of Community Services (OCS) initiative designed to address the economic needs of low-income individuals and families through the creation of sustainable business development and employment opportunities.

Learn more about  CED.
 
 
Leda Hernandez Appointed Chief Operating Officer-COO of LEDC
~Ms. Hernandez charged with oversight of key initiatives at the organization~
 
August 1 – Washington, D.C. Latino Economic Development Center (LEDC)

Leda Hernandez joined LEDC in 1998 and has worked in LEDC’s Finance & Administration Department for the past 18 years. Most recently, as Controller, Leda spent a decade leading all bookkeeping and procurement activities at LEDC as well as managing and reconciling bank accounts for the organization. She will now take on the role of Chief Operating Officer-COO, overseeing strategic and long-term initiatives for LEDC. Specifically, she will be charged with duties including implementation of LEDC’s 2017-2020 Strategic Plan objectives; oversight of annual program planning and budgeting; legacy partner relationship management; and execution of LEDC’s external events. This promotion is effective on August 1st, 2016.

Ms. Hernandez stated; “I am very excited and grateful to take this opportunity to continue my professional growth at this great and amazing organization. I am very committed to LEDC--- I believe in our mission, our clients, and our communities."  
Marla Bilonick, Executive Director of the Latino Economic Development Center, speaks about Leda’s appointment; "I met Leda Hernandez in 1999, when I first worked at LEDC. I was immediately struck by her energy and passion for the work we do in the community. When I returned to LEDC in 2012, that spark in Leda had only grown stronger. She is committed and capable and will definitely succeed in this role---a role that is key to taking LEDC to the next level. I look forward to continuing to work closely with Leda in her new capacity. Hearty ‘felicitaciones’ are in order!” 
                                                                                                                                          
About the Latino Economic Development Center
The Latino Economic Development Center is a 501©(3) nonprofit organization. LEDC’s mission is to drive the economic and social advancement of low- to moderate-income Latinos and other D.C. area residents by equipping them with the skills and tools to achieve financial independence and become leaders in their communities.