Wicker praises $94.9 million in grants to support community investment in Missis…

WASHINGTON — U.S. Sen. Roger Wicker, R-Miss., today welcomed the awarding of $94.9 million to 52 Mississippi Community Development Financial Institutions (CDFIs) by the U.S. Treasury Department. The awards were distributed through the Treasury’s CDFI Rapid Response Program (CDFI RRP) to local banks, credit unions and other institutions to help generate investment and provide financial services to communities affected by the coronavirus pandemic.

“This broad grant package for Mississippi will help more Mississippians across our state access the capital and financial services needed to create jobs and drive our economic recovery,” Wicker noted. “Over time, these investments will help our economy rebound stronger than ever after a difficult year.”

“Banks in Mississippi are committed to meeting the economic needs of the communities they serve throughout the pandemic. These rapid response grants will help CDFI banks in Mississippi continue to meet the economic needs of their markets as the economic recovery continues to unfold,” said Gordon Fellows, President and CEO of the Mississippi Bankers Association. “With more CDFI banks than any other state in the nation, Mississippi will benefit immensely from these grants.”

The Mississippi prize of $94.9 million is the second-largest prize in the nation. Each of Mississippi’s 52 institutions 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 rewards.

Jill E. Washington