Welcome to ShoreBank Enterprise Cascadia

We hope you join us in building new strategies for economic, human and ecological well being for Oregon and Washington's rural and urban communities.

ShoreBank Enterprise Cascadia is Named Finalist for $250,000 Nonprofit Collaboration Prize ShoreBank Enterprise Cascadia has been named one of eight finalists for The Collaboration Prize, a national cash award of $250,000 presented to an outstanding model of nonprofit collaboration. The Lodestar Foundation, in association with the Arizona-Indiana-Michigan (AIM) Alliance, created The Collaboration Prize in an effort to demonstrate how nonprofit resources can be used more effectively to create greater impact. ShoreBank Enterprise Cascadia was selected from a competitive pool of over 644 U.S.-based nominations. ShoreBank Enterprise Cascadia was selected as one of the eight finalists for their merger of two community development financial institutions. ShoreBank Enterprise Pacific and Cascadia Revolving Fund merged to leverage the strengths of both organizations. Because of the unique nature of the nonprofit financial industry, the newly merged organization developed rigorous new measures of impact and efficiency. Loan production, the organizations’ main output, grew from $6.5 million to $16 million in the first year after the merger. As a merged organization, ShoreBank Enterprise Cascadia delivers greater impacts on the economic, social and environmental health of rural and urban communities in the Pacific Northwest and beyond. [Read More]

NMTCs Shelter Victims of Domestic Violence By Jennifer Dockery, Staff Writer, Novogradac & Company LLP Experienced developers, sound financial support and a strong sense of commitment created a community resource that will help more than 1,500 families living on Washington State’s Olympic Peninsula escape abusive situations. In November, Turning Pointe Domestic Violence Services (TPDVS), along with its development partner, Common Ground (CG), opened the first shelter for victims of domestic violence in Mason County. A new markets tax credit (NMTC) equity investment originated by ShoreBank Enterprise Cascadia (SBEC) and funded by Wells Fargo Community Development Corporation (WFCDC) provided $1.36 million of capital for the 12,830- square-foot facility in Shelton. “There was a clear need in the community for this. A number of people literally die every year,” said Tracy Ericson, vice president and investment manager at WFCDC. She described the shelter as a great, high-impact deal. The shelter provides 54 beds free of charge, and includes a kennel for small pets. Individuals and families, including teenage boys as old as 18 years, can stay at the shelter for 90 days. While families are residing at the shelter, TPDVS helps them find alternate housing. The shelter also connects residents with community and legal service providers, staffs a 24-hour crisis line and offers support groups and classes for survivors of domestic violence. [Read More]