SourceFunding.org

Prestigious Newhouse School instrumental in expansion of multibillion-dollar economic development initiative SourceFunding.org

syracuse university su newhouse sourcefunding fundingnavigator wmichael short alum famous fintech.jpg

SYRACUSE, NY (SEPTEMBER 21, 2018) - The #1 ranked S.I. Newhouse School of Public Communications highlighted SourceFunding.org in its latest feature, “Newhouse School instrumental in expansion of multibillion-dollar economic development initiative SourceFunding.org.” The feature celebrates the recent surge in growth for the platform as it surpassed its goals for 2018.

“Multibillion-dollar economic development initiatives originally launched in 2014 and 2015 with the assistance of the Newhouse School at Syracuse University are now helping over 50,000 startups, small businesses, nonprofits and community development organizations expand nationwide by speeding up the financing application process and matching them with the best community funding sources for their particular circumstances and stage of growth.”

Click to read the entire Newhouse article.

SourceFunding.org Founder Speaks at Brooklyn Navy Yard

Photo Credit: City of New York

Photo Credit: City of New York

NEW YORK CITY (September 3, 2017) - SourceFunding.org founder W. Michael Short spoke today on a panel at the Brooklyn Navy Yard about his work with CUNY Medgar Evers College School of Business (MEC) to support grassroots community-based ventures and entrepreneurs. The panel, part of Brooklyn Music Week, was planned by MEC, the Central Brooklyn Economic Development Council, and community-based organization Forever My City.

The panel was held at the Brooklyn Navy Yard Center BLDG 92, a recently renovated facility "designed to engage with the community and inspire future generations to become industrial innovators and entrepreneurs."

Mr. Short spoke about financial inclusion and the launch of SourceFunding.org. He also discussed the International Innovators Initiative (IN2NYC) on MEC's campus.

Medgar Evers College SourceFunding.org.jpg

IN2NYC, an initiative of the New York City Economic Development Corporation (NYCEDC) in partnership with the City University of New York (CUNY), is the first municipal program in the nation helping international entrepreneurs access visas so they can create jobs in the U.S. IN2NYC is helping selected entrepreneurs gain access to the visas they need to grow their businesses in New York City, and will create more than 700 jobs for New Yorkers in the first three years alone.

"Dr. Jo-Ann Rolle's strategy of creating an experiential and inclusive entrepreneurship program at MEC's School of Business is proving incredibly effective with a number of compelling success stories," said Mr. Short. "By engaging with communities locally and globally, Dean Rolle creates truly unique opportunities for her entrepreneurship students."

To learn more about about entrepreneurship programming at MEC, click here.

SourceFunding.org Founder Invited to UN for Global Summit Hosted by MIT

Pictured on the right:  SourceFunding.org  Chairman & CEO  W. Michael Short

Pictured on the right: SourceFunding.org Chairman & CEO W. Michael Short

NEW YORK CITY (March 7, 2017) - SourceFunding.org Founder W. Michael Short was invited to the United Nations to participate in a summit hosted by MIT's SOLVE Initiative. 

SourceFunding.org SOLVE  MIT.jpg

SOLVE was founded at MIT in 2015, a natural offshoot of MIT’s commitment to open technological innovation, and its long commitment to actionable thought leadership in the public sphere. The mission of SOLVE is two-fold: (1) Identifying the best solutions to specific, actionable challenges through open innovation, & (2) Building and convening a community of leaders and change-makers committed to partnering together to pilot and implement these solutions. To learn more about MIT's SOLVE initiative and their work, click here.

SourceFunding.org Highlighted for Economic Impact at White House

WASHINGTON, D.C. (November 30, 2016) - SourceFunding.org was highlighted for economic impact and small business development at the Obama White House. During 2016, the Obama White House Office of Social Innovation & Civic Participation advised on the platform's launch.

SourceFunding.org White House Financial Inclusion Economic Impact.png

SourceFunding.org has 4 major metrics developed with Clinton Foundation as part of its $100 million Clinton Global Initiative sponsored initiative known as a "Commitment to Action:"

  1. Businesses Assisted
  2. Funding Facilitated
  3. Jobs Created
  4. Economic Impact

Businesses Assisted

In 2017/2018, our team at SourceFunding.org is helping at least 1,000 small businesses access low-cost financing from transparent and responsible community lenders. In 2019, with the help of additional technologies and growing market awareness, SourceFunding.org will help 10,000 small businesses access low-cost financing

Funding Facilitated:

In 2017/2018, SourceFunding.org will facilitate access to low-cost financing with a collective origination value of over $100 million. In 2019, the platform will facilitate access to low-cost financing with a collective origination value of roughly a billion dollars. The "funding facilitated" metric is measured and reported in keeping with our 2016 Clinton Foundation sponsored initiative known as a "Commitment to Action."

Economic Impact:

Assuming an economic impact multiple of $3 of economic impact for every $1 in low-cost financing facilitated via the platform to underserved small businesses, SourceFunding.org will generate $300 million in economic impact nationally in 2018 and $3 billion in economic impact nationally in 2019. As the platform grows, so too will the platform's significant and compounding economic and community impact.

Jobs Created:

The number of jobs created by funding facilitated by our platform will grow from 540 jobs in 2017/2018 to 5,149 jobs in 2019. The job creation metric is based on US SBA data showing that, on average, 5.4 new jobs are created for every $1 million in financing received by a small business in the US.

SourceFunding.org Featured by SME Finance Forum

NEW YORK CITY (November 14, 2016) - A new $100 million Clinton Foundation-sponsored platform bidding to take on predatory online lenders by offering America's underserved communities a low-cost alternative, is opening its doors for beta testing. Developed by the Global Social Enterprise Institute (GSEI), SourceFunding.org uses a proprietary common application and matchmaking software to help it connect individuals, businesses and other organizations with a national network of partner community banks, credit unions and economic development organizations.

SourceFunding.org Featured at #1 Ranked Maxwell School of Citizenship

Photo Credit: Syracuse University

Photo Credit: Syracuse University

SYRACUSE, NEW YORK (October 13, 2016) - SourceFunding.org Founder W. Michael Short was invited to speak at a Public Diplomacy Symposium hosted by Syracuse University's #1 ranked S.I. Newhouse School of Public Communications and #1 ranked Maxwell School of Citizenship & Public Affairs. Short spoke about the public diplomacy related considerations, challenges, and lessons learned relating to the launch of SourceFunding.org.

Joining Short on the "New Public Diplomacy" panel was Corri Zolli, director of research at the Institute for National Security & Counter Terrorism.

"The prestigious Public Diplomacy Program at Syracuse University is so incredibly impressive and the students and faculty are world class," said Short. "We've had over 250 SU students engaged in our efforts to date and we look forward to building on this strong partnership."


SourceFunding.org Daily Orange.png

Excerpt from the SU Daily Orange (click here for link to article):

The “New Public Diplomacy” panel features Michael Short, founder of Short Enterprises. The company focuses on utilizing “market based solutions” to solve problems related to a wide range of topics, from green infrastructure to urban revitalization and STEM education, Short said in an email.

Short said each of these initiatives involves creating and sustaining “public-private-nonprofit-foundation partnerships, which are a key aspect of public diplomacy.”

The symposium is being held in both Newhouse and Maxwell over the course of two days. The two schools offer a joint public diplomacy program, in which Short is an alumnus.

Short said he was specifically invited to discuss the public diplomacy related aspects associated with launching their financial technology platform, called SourceFunding.org. The platform works to connect small businesses with $100 million in funding by the end of 2018, according to its website.

“I credit my education at Newhouse and Maxwell with providing me with the skills and experiences necessary to launch and grow my firm and our initiatives,” Short said.

Pilot of World's First Socially Responsible Financing Platform Announced with Partners at #1 Ranked Newhouse School

SourceFunding.org FinTech Newhouse School.jpg

SYRACUSE, NY (Nov. 5, 2015) - The Global Social Enterprise Institute, an Initiative of international consultancy Short Enterprises with offices at Le Moyne College's Madden School of Business, announced on Tuesday the launch of the world's first socially responsible financing platform at Syracuse University's #1-ranked S.I. Newhouse School of Public Communications. The platform, SourceFunding.org, will streamline the small business loan application process and match entrepreneurs of all backgrounds with the qualified community banks and loan programs that are most likely to provide low-cost financing.

Undergraduate students at Syracuse University's #1-ranked S.I. Newhouse School of Public Communications collaborating with  Newhouse alumnus  and Global Social Enterprise Institute President W. Michael Short on the launch of Source Funding™ (Photo Credit: Chloe Buccina)

Undergraduate students at Syracuse University's #1-ranked S.I. Newhouse School of Public Communications collaborating with Newhouse alumnus and Global Social Enterprise Institute President W. Michael Short on the launch of Source Funding™ (Photo Credit: Chloe Buccina)

"After 2 years of planning, development, and putting partnerships in place,  we're excited to extend our regional pilot for SourceFunding.org," said Institute President and SourceFunding.org Founder W. Michael Short. "This represents an important milestone in scaling SourceFunding.org into a national and then international platform that will empower entrepreneurs and also the responsible low-cost community banks that support them."