S.C. Community Loan Fund CEO Michelle Mapp joins BDC board
May 23, 2017
Michelle Mapp, CEO of the South Carolina Community Loan Fund (SCCLF), has joined the Board of Directors of Business Development Corporation (BDC).
The SCCLF raises and pools capital from public and private investments to finance community development projects around the state. Certified by the U.S. Treasury as a Community Development Financial Institution, the SCCLF has underwritten more than $246 million in projects that support a wide range of affordable housing, healthy food ventures, non-profit community facilities and private businesses.
Mapp has been with the loan fund for 11 years and its CEO for the past six. She holds advanced degrees from the College of Charleston, University of South Carolina and George Washington University in Washington, D.C., and a bachelor’s degree in engineering analysis from Clemson University.
She currently serves on the board of the Charlotte Branch of the Federal Reserve Bank of Richmond, the Frances P. Bunnelle Foundation, S.C. Association of Nonprofit Organizations, S.C. Community Capital Alliance, and the S.C. Rural Action Plan Taskforce. Mapp also is a Liberty Fellow and a member of the Aspen Global Leadership Network.
“It was an honor to be asked to join the board of BDC. Working with such forward-thinking banks and other private lenders will be an exciting next step for me and the South Carolina Community Loan Fund,” Mapp said.
“We were delighted that Michelle Mapp agreed to join the BDC board,” said BDC President and CEO Edwin O. Lesley. “She is uniquely qualified to assist our efforts to expand the leveraging of private investment in community-based efforts to improve the lives of all South Carolinians.”
About BDC
Since 1958, Business Development Corporation (BDC) has been financing small businesses in South Carolina, ultimately creating new jobs for the citizens of the Palmetto State. BDC and its associate company, Certified Development Corporation (CDC), which was founded in 1994, have approved more than 2,625 loans on projects in excess of $1.5 billion, making us leaders in economic development lending and job creation in South Carolina. Now that BDC has been approved by the state and SBA to operate in seven (7) Southeastern states, we are able to bring these benefits to a much larger market area.
