NewCorp Inc.

NewCorp, Inc. is a non-profit Community Development Financial Institution (CDFI) based in New Orleans, Louisiana. For 25 years since its founding around 1997, NewCorp has been dedicated to "Funding Entrepreneurs, Building Communities" by providing capital, counseling, technical assistance, and training. Its mission specifically targets small-to-moderate, minority, and women-owned businesses that face barriers accessing traditional funding sources.

The organization distinguishes itself through its multi-disciplinary approach to economic development and community revitalization. NewCorp actively deploys capital through programs like MicroLending and Small Business Loan Guaranties, helping businesses with vital needs such as bonding, equipment, and initial labor costs. They also have a notable track record in providing crucial disaster recovery loan products and services, particularly to businesses impacted by events like Hurricane Katrina and the COVID-19 pandemic.

NewCorp works tirelessly to foster equity by collaborating with municipal, state, and federal government entities, alongside public and private funders. Their commitment extends to developing affordable housing in New Orleans, aiming to provide stable living environments for citizens. Through strategic partnerships and a focus on socially and economically deprived businesses (DBE firms), NewCorp strives to uplift communities and fuel the dreams of local entrepreneurs.