Page 23 - People Incorporated Annual Report
P. 23

$ 31,000,916 $ 387,289
Goods and Services Purchased Total Direct Lending
$ 4,399,053 $ 21,912,463
$ 110,230,121
In-Kind
$
Total Indirect (Leveraged) Lending
$ 50,145,382
People Incorporated excitedly anticipates expanding our ability to meet our mission regionally and nationally as we continue to provide opportunities for economically disadvantaged people reach their goals in order to enhance their lives, their families and their communities.
Total Indirect (Leveraged) Lending $50,145,382
Wage Effect $31,000,916
Total Direct Lending $21,912,463
PARTNERING WITH CAFI (COMMUNITY ACTION FINANCIAL INSTITUTE) TO EMPOWER COMMUNITY ACTION AGENCIES NATIONWIDE
PEOPLE INCORPORATED
IS A CERTIFIED COMMUNITY DEVELOPMENT ENTITY FOR THE NEW MARKETS TAX CREDITS PROGRAM ACROSS A NINE-STATE REGION
(AL, GA, KY, MS, NC, SC, TN, VA, WV)
LOCATIONS MARKED WITH A STAR ARE NEW MARKETS TAX CREDIT PROJECTS
2,385,018
NATIONAL AND REGIONAL IMPACT
Building Futures, Realizing Dreams
23
WWW.PEOPLEINC.NET 276.623.9000
Education 9%
ANNUAL ECONOMIC IMPACT Total, Fiscal Year 2016
Wage Effect Utilities/Property Tax
Consortiums 13%
For-Profit Businesses 9% Government 29%
PEOPLE INCORPORATED FINANCIAL SERVICES IS A CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) FOR THREE REGIONS IN VIRGINIA
to
Utilities/Property Tax $387,289 In-Kind $2,385,018 Goods & Services Purchased $4,399,053
COMMUNITY ACTION SERVICE AREA INCLUDES 13 COUNTIES AND THREE CITIES IN THE COMMONWEALTH OF VIRGINIA (SEE PAGE 11)
Total Economic Impact



































































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