Piedmont Business Capital

08/15/2023

We are excited to welcome you to our Meet and Greet event with Michael McKinney, Executive Director of Piedmont Business Capital. This event is free of charge!

Come and mingle with Piedmont Business Capital's Executive Director at our ] Meet and Greet event on August 31, 2023, 6 pm-8 pm.

08/15/2023

08/11/2023

FOR IMMEDIATE RELEASE
Piedmont Business Capital Hires Michael McKinney to Serve as New
Executive Director
McKinney, who formerly served as Executive Director for Piedmont Apartment Association and the NC Realtors Housing Foundation, started at the CDFI on August 1


Greensboro, North Carolina - August 8, 2023 – Piedmont Business Capital (PBC), a local Community Development Financial Institution (CDFI) in Greensboro, is pleased to announce that it recently hired Michael McKinney as the organization's new Executive Director. McKinney, who began on August 1, will lead the organization in its mission to continue to redirect economic opportunities toward the African American population in Greensboro to scale neighborhood outcomes from poverty to prosperity.

Formerly the Executive Director at both the Piedmont Apartment Association and the NC Realtors Housing Foundation, McKinney is now responsible for the overall leadership, strategy, and stewardship of PCB.

Previously, McKinney served as the former Area Executive Director of the American Cancer Society and Susan G Komen Northwest, where he oversaw operations for 22 counties, and managed fundraising, government affairs, events management, budget management, staffing, Board relations and more.

Prior to his leadership roles at nonprofits, McKinney spent more than 20 years in the banking sector and had extensive experience in mortgage, retail, small business banking and commercial real estate.

"Michael is a seasoned professional, proven leader and filled all our requirements as a socially conscious leader with in-depth financial and nonprofit expertise," said Karl Robinson, Board Chair with Piedmont Business Capital. "He has experience in banking, relationship management, fund development, Board relations and has successfully maneuvered the delicate balance between dedication to the mission, the need for bold entrepreneurial initiatives and the application of sound business management. We are thrilled he is our new executive director."

McKinney has a BA from Winston State University in Political Science with a concentration in Public Administration, as well as a Master of Arts in Nonprofit Management and Leadership from High Point University and he studied for a Master of Science in Banking at Boston University - all of which equipped him with the skills to excel in his various leadership roles.

He also is active in the local community, serving on many boards. Presently, McKinney serves on the Greensboro War Memorial Commission, Minimum Housing Standard Commission, and as a Governor-appointed licensing board member for the NC State Board of Opticians. In the past, he has held influential roles such as Vice-Chair for the High Point Housing Authority and the Guilford County Planning Board. He also served as President of The 100 Black Men of the Triad and was a national board member.

His dedication to community service extends to serving on the Board of Directors for the United Way of Greater Greensboro, and he played a crucial role as a co-founder of the African American Leadership Society. He was also instrumental in fundraising efforts to secure $20 million for the Greensboro Civil Rights Museum and Center.
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About Piedmont Business Capital

PBC began in 1992 as the Greensboro Venture Capital Fund, in response to the national unrest related to the Riots in South Central Los Angeles. Its mission is to create shared economic prosperity through equitable lending and investment, with access to capital for entrepreneurs being the key activator. In 2018, the organization became Piedmont Business Capital. With foundational relationships in the City of Greensboro, PBC was to access capital from foundations and partners to launch an office in Winston-Salem, NC. With total assets of $2.5 million, PBC lends broadly across the region with

06/29/2023

Piedmont Business Capital is here for you!!! We offer small business loans for companies who have been operating for at least 1-2 years! We want to help you GROW!! Check out our web page for more information - see below!

04/26/2023

Happy Administrative Professional Day to Mrs. Robyn Farrington!

12/14/2022

A UNIQUE OPPORTUNITY
The Executive Director of Piedmont Business Capital (PBC) has a unique opportunity to serve, make impact, enable social purpose, lead a highly qualified and expanding staff and work with a strong, geographically diverse Board of Directors. Our future leader will be an innovative doer who drives the continued growth of an organization that has cutting edge systems and robust processes; a strong network of partners, supporters and friends; a warm and friendly cultural climate and the opportunity for work / life harmony.
KEY RESPONSIBILITIES
This position is responsible for the overall leadership, strategy, and stewardship of the organization. We are seeking a socially conscious and passionate leader who is financially astute and able to inspire commitment and facilitate advancement of the mission, goals and objectives of PBC.

Position Requirements
MINIMUM QUALIFICATIONS:
1. Master’s Degree in Bus. Admin, Finance or related field and at least (10) five years of managerial or executive level experience.
2. Ability to effectively communicate program goals, engage a membership base, work cooperatively with a board of directors, manage and motivate CDFI staff and consultant team.
3. Knowledgeable and substantive experience on the topics of the Piedmont Triad community, economic development and the organizations that spur economic opportunity for BIPOC populations.
4. Proven ability to work independently and achieve position responsibilities and programmatic objectives with minimal direct supervision.
5. Experience in managing multiple capital programs, federal compliance, and portfolio performance
6. Ability to work with people from varied cultural, educational, and economic backgrounds, specifically BIPOC populations
7. Be knowledgeable of and astute concerning community and cultural dynamics, equity, inequality and underserved populations.
8. Strong oral and written communication skills, including detailed financial reports, performance reports, and executive summaries.
9. Demonstrated skill in creating and implementing strategic plans with short- and long-range goals and objectives, with performance and financial measures.
10. Possess a combination of vision, strategic and operational management abilities. Has knowledge and experience in all aspects relevant to running a nonprofit financial institution including accounting, budgeting, policies and practices, strategic planning, investments, lending, advisory service delivery, human resources, marketing, information technology systems, regulatory requirements and risk management.
11. Requires passing a criminal history background check, including demonstrating that they are bondable.
12. Valid State driver’s license and able to meet insurance requirements.
13. Computer skills that enable independent work in outlook, word, excel, power point, and database systems.

PREFERRED QUALIFICATIONS:
1. Experience working for/with a public finance and community facing organizations.

JOB SUMMARY

The Executive Director serves as chief administrator/executive officer of the organization for the Board of Directors, overseeing all day-to-day administration and management of operations, long-range strategy and development for the growth of Piedmont Business Capital (PBC), Community Development Financial Institution (CDFI) programs and services, in pursuit of the mission of PBC. PBC is an emerging business operation that has built a foundation and is prepared to scale, the Executive Director is responsible for implementing the strategic plan while implementing formative operations that will maintain the bandwidth of organization as it continues to grow.

ESSENTIAL JOB FUNCTIONS:
1. Achieves the PBC’s mission through goal setting and planning, providing vision, direction, and leadership on behalf of and in cooperation with the Board of Directors.

2. Creates and manages an annual budget, financial forecasts, and impact metrics that accurately report the fiscal health of the organization to the Board of Directors.

3. Manages software reporting and accounting system to track CDFI data, including grants, loans, AR, budgets, expenditures, etc., in compliance with CDFI fiscal management policies.

4. Represents the organization in accordance with the policies and goals of the organization to the community, funders, clients, and strategic partners.

5. Serves as an ambassador for PBC, developing and deepening strong relationships with organizations and individuals that have an impact or can influence the work of the organization.

6. Publicly represents PBC by engaging the media, community organizations, speaking at conferences, impact events, and contributing articles/blog posts.

7. Negotiates and signs contracts on behalf of the organization in accordance with established CDFI policies and guidelines.

8. Oversees all day-to-day administration and routine work of the organization.

9. Supervises and directs the work of employees, including hiring, firing, c

12/13/2022

You are invited to join Piedmont Business Capital for our Winter Holiday Social!!! Food, Fun, Networking, and more!!! To RSVP,

https://www.eventbrite.com/e/piedmont-business-capital-holiday-event-social-tickets-479518281087?utm-campaign=social%2Cemail&utm-content=attendeeshare&utm-medium=discovery&utm-source=strongmail&utm-term=listing

11/21/2022

We are hiring!!!!

Piedmont Business Capital

09/16/2022

This is the part where you set your goals and develop strategies to make them succeed.