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Is OBDC Finance a division or department of the City of Oakland?

April 26, 2017city Department division Finance oakland obdc

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Is OBDC Finance a division or department of the City of Oakland?

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No. OBDC Finance is an independent entity – specifically a community corporation. However, the firm is responsible for managing the City of Oakland’s business loans which entails high levels of interaction with city departments.

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No. OBDC Finance is an independent entity – specifically a nonprofit 501(c)(3) community corporation. However, OBDC Finance is contracted to manage the City of Oakland’s business loans, which entails a high level of interaction with City departments.