Power Station

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Shannan Herbert is undeterred by the chaos, economic shifts and uncertainty of this moment in America. She remains laser-focused on building wealth and opportunity in the DMV, especially in communities that have been historically underserved. As CEO of Washington Area Community Investment Fund (WACIF) a nonprofit that brings financial education, coaching and capital to promising entrepreneurs working in or serving LMI communities, Shannan demonstrates what is possible when clients get out from under predatory lending schemes and receive the guidance and support need to achieve their goals. Clients who excel in WACIF's accelerators and peer cohorts are now thriving small business owners. Their companies can be seen and touched at 3 WACIF operated sites, including the Anacostia Arts Center, an extraordinary cultural and commercial resource in Washington DC's Ward 8. In this episode of Power Station, Shannan announces a new initiative, the PIVOT Project, a collaboration with longstanding community partner Latino Economic Development Center and their inaugural funder, Capital One. This catalyst fund will be lifechanging for men and women who have lost their place in the federal workforce and are moved to transition to full-time entrepreneurship. Shannan is a force in local communities and on national stages. Hear her.

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Power StationBy Anne Pasmanick

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4.9

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