Over the last 27 years, Vaughn Fauria has grown NewCorp from a small-business support program into an active lender that has provided capital and technical support to thousands of entrepreneurs and small businesses.
NewCorp was the “first money in” for Dakar NOLA, the West African restaurant on Magazine Street that won a top prize at the 2024 James Beard Awards. Colmex Construction is another successful venture that got its start with a NewCorp loan.
Fauria is a New Orleans native who’s had special education, corporate and development careers before pivoting to finance. In this week’s Talking Business, she talks about her passion for using debt as an instrument to build communities and how the current political environment is forcing NewCorp to adapt…