By Alabama Newscenter Staff
Hope Enterprise Corp., with a $130 million commitment from Goldman Sachs, has partnered with seven cities and nine historically Black colleges and universities (HBCUs) across the South to launch the Deep South Economic Mobility Collaborative (DSEMC).
Birmingham, Montgomery and their respective HBCUs, Miles College and Alabama State University, are taking part in the collaborative, announced this week, which was formed to stabilize and strengthen businesses and communities devastated by the economic crisis. DSEMC invests in the power of small businesses and entrepreneurs in the Deep South, particularly those from underserved and under-resourced communities.
DSEMC taps the expertise and capabilities of Hope Enterprise Corp., Goldman Sachs, institutions of higher learning and cities to provide access to financing, business education classes and business support services, leveraging the private, public and nonprofit sectors. This comprehensive effort
Feb 10, 2021
NEW ORLEANS (AP) Small minority-owned businesses have often struggled to gain access to capital and other tools to grow, a challenge made more daunting by the economic upheaval of the coronavirus pandemic. But a new effort announced Tuesday aims to address those disparities in pockets of the nation long gripped by poverty.
Hope Enterprise Corporation, which runs a Jackson, Mississippi-based credit union that specializes in lending and other financial services to underserved communities, is partnering with seven cities and nine historically Black colleges and universities to launch the “Deep South Economic Mobility Collaborative.” Goldman Sachs 10,000 Small Businesses initiative is providing up to $130 million to the endeavor, which will be available to clients in Louisiana, Mississippi, Alabama, Arkansas and Tennessee.
New boost for minority businesses in underserved commun accesswdun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accesswdun.com Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ Today, Hope Enterprise Corporation, with a commitment from Goldman Sachs 10,000 Small Businesses of up to $130 million, has partnered with.