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Twin Cities Community Capital Fund <br />Page 1 of 2 <br />Welcome <br />To The <br />Twin Cities Community <br />Capital Fund <br />The Twin Cities Community Capital Fund (TCCCF) is a new economic development <br />financing resource for the seven county Twin Cities Metropolitan Area. The purpose of <br />the Fund is to leverage millions of dollars in Revolving Loan Funds (RLFs) and other <br />economic development funds owned and managed by metro area local governments <br />and development financing organizations. By pooling resources, TCCCF members will <br />have the advantage of offering much larger loans than would be possible with limited <br />local resources, greater gap - lending flexibility for financing local development projects, <br />and significantly lower loan risk —all with the support and services of a professional fund <br />manager and experienced loan officers at no cost to Fund members. <br />DEED Commissioner Matt Kramer Offers Support For TCCCF <br />"During these times of tight budgets at all levels of government, it's critically important <br />that we all make the most of our limited economic development resources and work <br />together to help secure Minnesota's economic future. <br />TCCCF is built upon a unique business model that provides business, government, and <br />non - profit development organizations with the opportunity to pool their resources in <br />order to take advantage of the considerable power of leveraging. <br />I am excited about the many benefits afforded to TCCCF members and the potential <br />that this innovative organization has to provide critical financing support for business <br />development and expansion throughout the Twin Cities. <br />If your organization has received repayments from state Economic Recovery Fund or <br />Minnesota Investment Fund loans, these funds may be used to make your local <br />contribution to the TCCCF. Of course, cities, counties and other local govemment <br />economic development organizations may also choose to use other local funds for <br />participation in this innovative new development resource. <br />1 encourage you to take a close look at whether membership in the Twin Cities <br />Community Capital Fund is a good fit for your local business development and job <br />creation strategy!" <br />Matt Kramer / Commissioner / Department of Employment and Economic Development <br />http: / /www.tcccf.org/ 4/22/2005 <br />