Nonprofit lender Craft3 names ex-Astoria official as chair

By: Matthew Kish - Nov 07, 2016
Source: Portland Business Journal

Paul Benoit has been elected chair of nonprofit lender Craft3. He succeeds Steve McConnell, who served in the role since 2007.

Benoit is a former city manager for Astoria.

"For as long as I've known them, Craft3 has been an important partner in the renaissance of Astoria, including with the critical environmental cleanup of the former plywood mill site," Benoit said, in a news release. "I'm honored and excited to become board chair as we work to finalize a new five-year strategic plan that will further increase Craft3's impact on entrepreneurs, the environment and communities across the Northwest."

Benoit has been on the organization's board since 2003.

The Ilwaco-based nonprofit is one of the organizations filling the vacuum in the wake of decreased small business lending by banks. As reported by the Business Journal in August, traditional small business lending in Oregon, in dollar volume, is down 16 percent since the 2008 economic crisis.