Page 14 - People Inc. Annual Report 2017
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GOAL: COMMUNITIES EXPERIENCE POSITIVE DEVELOPMENT Community Economic Development Services
ACTIVITIES
895 free Federal income tax returns prepared.
Taxpayers saved approximately $179,000
in tax preparation fees and received $310,937 in EITC (earned income tax credit).
7 IDA participants graduated to start up or expand their business.
2 IDA participants graduated to pursue educational goals.
21 business loans closed totaling $1,310,191.
13 micro loans totaling $332,043.51. 17 businesses started or expanded due to
 nancial services.
438 jobs were created or retained
as a result of community economic development services.
23 business loans were repaid in full.
1,317 participants trained in  nancial literacy, microenterprise, or received one-on- one technical assistance.
43 consumer loans were closed, totaling $145,922.
28 consumer loans paid in full.
EARNED INCOME TAX CREDIT OUTREACH PROGRAM Individuals and families are assisted to claim all eligible tax credits through free federal income tax preparation and electronic  ling to maximize refunds.
BUSINESS LOAN SERVICES Access to capital for microenterprise and small business loans ensures that quali ed business owners have the  nancing they need to grow their business to its full potential and create jobs.
TECHNICAL ASSISTANCE AND TRAINING Small business owners
who receive technical assistance or attend business training workshops are better prepared to succeed in business and to strengthen their balance sheet.
CONSUMER LENDING The program
offers an affordable alternative
to payday and title lenders and
provides access to credit counseling and  nancial literacy training to help borrowers get their  nances back on track.
INDIVIDUAL DEVELOPMENT ACCOUNTS (IDA)
IDAs facilitate a pattern of regular savings for modest income working families using matching funds. Clients build assets and long-term economic security.
NINTH DISTRICT DEVELOPMENT FINANCING (NDDF) Local economies are enhanced through this specialty loan program that enables tourism- based business owners to start or expand their businesses with below market rate  nancing in the Ninth Congressional District of Virginia.
NEW MARKETS TAX CREDITS New Markets Tax Credits attract private investment to community development projects in low-income communities by offering tax credits to investors in return for quali ed equity investments. The funds  nance high impact businesses that create jobs and build opportunities and economic growth in low-income communities.
17 BUSINESSES RECEIVED START-UP OR EXPANSION LOANS
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People Incorporated Annual Report 2017


































































































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