Jane Kupersmith is executive director of CDFI Friendly Bloomington, a nonprofit financial services organization. (photo provided)

A big proponent of small businesses is the new executive director for financial services nonprofit CDFI Friendly Bloomington. Jane Kupersmith succeeds Brian Payne, who accepted a position with the Department of Health and Human Services.

Kupersmith, who co-founded a coffee shop and is co-owner of a bakery, is the former assistant director for small business development for the city of Bloomington.

She began her new role on Monday.

CDFI Friendly Bloomington was launched in 2019 under Payne’s leadership to attract funding from the $250 billion Community Development Financial Institution industry to the local marketplace. CDFIs provide financial services in low-income communities to support people and organizations who lack access to traditional financing.

In its role, CDFI Friendly Bloomington provides technical assistance for organizations to connect with CDFI funders.

The Bloomington-based organization says it has attracted $23 million in capital investment to the region since its launch four years ago. The nonprofit credited Payne for his efforts to facilitate the funds and for leaving the organization is a strong position to grow.

“Jane’s experience, creativity, determination, and enthusiasm will allow CFB to further catalyze opportunity in our region through creative capital strategies,” said Tina Peterson, CDFI Friendly Bloomington board chair.

The nonprofit says Kupersmith will be responsible for attracting investments from CDFIs in affordable and workforce housing, small business growth, and green infrastructure throughout the southwest central Indiana region.

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