NALCAB

Overview

The National Association for Latino Community Asset Builders (NALCAB) is a prominent network of over 200 nonprofit organizations that are dedicated to advancing the economic and social welfare of Latino communities across the United States, including Washington D.C. and Puerto Rico. Established to support community economic development, NALCAB focuses on small business development, financial capability, and equitable neighborhood development. The organization is renowned for its role in impacting policy and providing grants, loans, and capacity-building training. Headquartered in San Antonio, Texas, and led by CEO Marla Bilonick, NALCAB has successfully mobilized significant financial resources toward initiatives benefiting Latino communities. Since its founding, it has grown to become an essential player in the advocacy and support of economic equity and mobility within Latino populations.

Recent Developments

November 2024: NALCAB celebrated receiving historic awards from the Community Development Financial Institutions (CDFI) Fund. This recognition is part of its broader strategy to secure more capital for Latino-serving organizations.
September 2024: The NALCAB National Conference took place in Washington, D.C., gathering Latino economic development professionals for workshops and networking. The conference focused on sharing best practices and advancing community economic development strategies.
March 2024: The largest cohort of the Pete Garcia Fellowship Class was announced, showcasing NALCAB's commitment to nurturing emerging Latino leaders within the community development sector.
2024: NALCAB launched an innovative four-part series, "Cambios en el Barrio," highlighting impactful nonprofit work within member organizations.
December 2023: NALCAB distributed $1.2 million in grants, $8.4 million in loans, and $1.2 million in loan guarantees to its member organizations, illustrating its continuous commitment to financial empowerment within Latino communities.

Attribute	Information
Founding Date	Unknown
Headquarters	San Antonio, Texas, USA
Founders	Not specified
Revenue	Not specified
Profits	Not specified
Key Investors	Various public and private investors
Industry	Nonprofit Economic Development
Number of Employees	Not specified

Early History

NALCAB was formed to create a collaborative network of nonprofit organizations focused on boosting economic opportunities in Latino communities. Since its inception, it has positioned itself as a crucial advocate for economic equity through innovative projects and partnerships with local and federal agencies. Over the years, NALCAB has effectively grown its membership base and expanded its reach to include a diverse range of initiatives that address the unique financial and social challenges faced by Latino communities across the United States. The organization's efforts have been pivotal in influencing economic policies that cater to underserved communities, thereby facilitating systemic change and creating sustainable opportunities.

Company Profile and Achievements

As a leading network in Latino economic development, NALCAB works extensively to support its member organizations in deploying capital, technical assistance, and capacity building. Its multifaceted approach involves:

Small Business Support: Facilitating access to capital and resources for underserved entrepreneurs.
Capacity Building: Offering training and technical assistance to enhance the organizational capabilities of its members.
Public Policy Advocacy: Engaging in advocacy at the national level to promote policies that benefit Latino communities.
Impact Investing: Utilizing strategic investments to support social enterprises within Latino communities.
Pete Garcia Community Economic Development Fellowship: This program is aimed at nurturing the next generation of Latino leaders in economic development.
Annual Conferences and Training Events: Providing platforms for knowledge sharing and networking among community development professionals.

Current Operations and Market Position

Currently, NALCAB is actively involved in strategic initiatives that foster economic equity for Latino communities. It continues to build on its reputation as a hub for Latino-serving organizations by increasing its advocacy for enhanced federal funding opportunities and financial protections for minority communities. Its impactful strategy is manifest in its consistent involvement in public policy reform, supporting small business growth, and advocating for affordable housing initiatives. NALCAB is widely recognized for its capability to drive economic mobility and is likely to continue influencing economic policies and community development practices.

Conclusion

NALCAB has established itself as a vital force in advancing economic opportunities for Latino communities in the United States. Through its expansive network, the organization has managed to influence both policy and practice, resulting in increased economic mobility for Latino populations. Looking forward, NALCAB's focus on strategic partnerships, capacity building, and advocacy suggests it will continue to be a key player in shaping the landscape of economic development, advocating for equitable systems, and empowering Latino communities nationwide.