Small businesses in downtown Oxford, Miss. (Source: Shutterstock)
Hope Enterprise Corporation has launched an initiative in five Deep South states with up to $130 million in Goldman Sachs funding that aims to strengthen underserved and under-resourced communities devastated by the pandemic recession.
The Hope Enterprise loan fund is a sister organization of Hope Federal Credit Union of Jackson, Miss. ($367.6 million in assets, 36,229 members as of Dec. 31); both are federally designated as Community Development Financial Institutions.
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