PHOENIX, AZ.—Raza Development Fund (RDF), the nation’s largest Latino Community Development Financial Institution (CDFI), has been awarded a $3.5 million grant from the Wells Fargo Open For Business Fund in support of its Small Business Initiative program which serves minority and women-owned small businesses suffering from the impacts of the Covid-19 pandemic. The funding will extend its reach to support small businesses in Arizona, Ohio, Texas, Minnesota, and Florida. RDF will continue to provide technical assistance to businesses in all markets and help them arrive to a state of readiness to receive long term capital (low-interest loans) as a resource that will enable minority-owned businesses to achieve sustainable growth and long-term self-sufficiency.