Former Craft3 CEO honored in memoriam

By: DA Staff - Sep 27, 2017
Source: The Daily Astorian

Berdes recognized for his work

The Opportunity Finance Network, an national network for community development financial institutions, posthumously gave the late John Berdes, the founder and former president and CEO of Craft3, the 2017 Ned Gramlich Lifetime Achievement Award for Responsible Finance.

The award was presented Wednesday at the finance network’s conference in Washington, D.C. Berdes died of lung cancer last year.

Madelyn Golliher, Berdes’ sister, accepted the award.

Berdes helped found Craft3, then called ShoreBank Enterprise Pacific, in 1994 in Ilwaco, Washington. Since its founding, Craft3 has invested more than $440 million with 5,500 people and businesses in Oregon and Washington state.

Also receiving the award posthumously was Linda Davenport, a former U.S. Department of the Treasury official who helped start the New Markets Tax Credits Program that has attracted billions of dollars in investment to low-income communities.