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Hyde-Smith announces $94.9 million in capital grants to support rural & underserved communities
U.S. Senator Cindy Hyde-Smith announced the award of over $94.9 million to financial institutions to help businesses and community facilities remain viable as Mississippi rebuilds from the Coronavirus pandemic.
Posted: Jun 16, 2021 7:44 PM
Updated: Jun 17, 2021 9:33 AM
Posted By: Ethan Foster
WASHINGTON, D.C. (WTVA) – U.S. Senator Cindy Hyde-Smith (R-Miss.) today announced the award of more than $94.9 million from the U.S. Treasury Department to 52 financial institutions throughout Mississippi.
The money comes as Coronavirus relief funding provided by the Treasury Department s Rapid Response Program and will be distributed to Community Development Financial Institutions. These include banks, credit unions, loan funds, or venture capital funds.