Jun 16 2021
Mississippi’s Award is Second Largest in Nation
WASHINGTON - U.S. Senator Roger Wicker, R-Miss., today praised the award of $94.9 million to 52 community development financial institutions (CDFI) in Mississippi from the U.S. Treasury Department. The awards were distributed through Treasury’s CDFI Rapid Response Program (CDFI RRP) to local banks, credit unions, and other institutions to help generate investment and offer financial services in communities affected by the coronavirus pandemic.
“This large set of grants for Mississippi will help more Mississippians across our state access the capital and financial services necessary to create jobs and boost our economic recovery,” Wicker said. “With time, these investments will help our economy bounce back stronger than ever after a difficult year.”
“Mississippi banks have been committed to supporting the economic needs of the communities they serve throughout the pandemic. These Rapid Response Grants will help Mississippi’s CDFI banks continue to meet the economic needs of their markets as the economic recovery continues to unfold,” said Gordon Fellows, President and CEO Mississippi Bankers Association. “With more CDFI banks than any other state in the country, Mississippi will benefit tremendously from these grants.”
Mississippi’s award of $94.9 million is the second largest award in the nation. Each of the 52 institutions in Mississippi received $1,826,265, which will help cover eligible activities under the program.
For more information on the CDFI Fund click here.
Click here for a full list of awards.