Our History

In the fall of 2020, NC Rural Center launched CornerSquare Community Capital to continue the adaptation and expansion of their approach to economic development as the state and nation’s landscape continued to change. With an initial investment of $40 million from Truist, CornerSquare was set up to purchase a participation in loans originated by CDFIs, organizations which have been undercapitalized for decades and lend primarily to women- and minority-owned businesses, low-to-moderate income individuals, and individuals in low-to-moderate income census tracts. CornerSquare currently focuses on CDFIs located in Truist’s region of operations—meaning that not only will CornerSquare invest in CDFIs in North Carolina, but in 17 states and the District of Columbia.