As vice president, business lending market manager at Madison-based Summit Credit Union, Vincent Rice works to generate economic growth and create opportunities in economically disadvantaged communities by working with local community development financial institutions and connecting funds with eligible small business owners.
He also meets with community organizations and leaders to promote the availability of Summit Credit Union’s business loan programs, giving small businesses a chance to thrive, according to Mike Jones, managing vice president of business services at Summit Credit Union.
While working for Wisconsin Economic Development Corp. in 2021, Rice created a $5 million funding program through Northwestern Mutual, supporting Legacy Redevelopment Corp. and Northwest Side Community Development Corp. to make additional investments into Milwaukee’s Black business community.
“He has devoted his career to helping small businesses, manufacturers, and workers grow, improve and succeed through funding, skills training, program development and acquisition prep,” said Jones.
Rice is a member of the board for Milwaukee-based Northwest Side Community Development Corp. and on the loan committee for the Latino Chamber of Southeast Wisconsin.