Enterprise Corporation of the Delta

Welcome to the Enterprise Corporation of the Delta

ECD and you

ECD, one of the nation's leading Community Development Financial Institutions (CDFIs), provides financial products and services in the states of Arkansas, Louisiana and Mississippi and the Greater Memphis area of Tennessee.

ECD works closely with Hope Community Credit Union to provide services directly to individuals around the region.

ECD also manages the Mississippi Economic Policy Center (MEPC). The MEPC engages in rigorous, accessible and timely analysis to inform the policy debate on issues that affect the economic and social well-being of working families and low-wealth Mississippians.

Please feel free to contact us if you have any questions or if we can assist you in any way.

New Louisiana Business Recovery Grant and Loan Program Available

The Louisiana Economic Development Department (LED), through the Office of Community Development, has announced that it will begin taking applications for Phase II of the Business Recovery Grant and Loan program beginning June 9, 2008. Approved businesses will be eligible to receive a combination grant/loan award that can be used for business expenses such as daily operating costs, purchasing equipment, or refinancing more expensive business-related debt.

Enterprise Corporation of the Delta/Hope Community Credit Union (ECD/HOPE), has partnered with LED to take applications for business owners interested in applying for the program in the Baton Rouge, Lafayette, Lake Charles, and New Orleans areas.

Applications will be taken on an appointment only basis for a six-week period from June 9, 2008 – July 18, 2008.

An information sheet about the program is available here.

Make an appointment with ECD/HOPE today to complete and submit your application, or if you would like more information on the program, please call ECD/HOPE at 1-866-927-1903.

You can also get additional details at the Louisiana Forward website.

Highlights

Hope Community Credit Union Opens New Memphis Branch in Midtown
(Memphis, TN) - Hope Community Credit Union (HOPE), a community development credit union, and its sponsor, Enterprise Corporation of the Delta (ECD), celebrated the grand opening of a new Memphis branch located at 1451 Madison Avenue in Midtown on Friday August 1st. -more-

Hope Community Credit Union Breaks Ground for New Gulf Coast Branch in Biloxi
(Biloxi, MS) - Hope Community Credit Union (HOPE), a community development credit union, is bringing exactly what its name suggests to Mississippi Coast residents that lack access to affordable financial services. HOPE and its sponsor, Enterprise Corporation of the Delta (ECD), broke ground on a new Gulf Coast branch in Biloxi on Monday, July 14. -more-

Home Again Places Final Modular Homes
(PASS CHRISTIAN, MISS)--In the wake of Hurricane Katrina, residents of the Gulf Coast were left with the daunting task of rebuilding their lives and their homes. Today, 64 families who were facing significant housing challenges are in quality new homes through the work of Home Again, a subsidiary of ECD/HOPE. -more-

Proposed Child Investment Accounts Represent Important Opportunity for Mississippi Families, Boost for State Economy

Mississippi State Treasurer Tate Reeves, the Aspen Institute Initiative on Financial Security, and ECD/HOPE are exploring the creation of a $500 investment account for all children born in the state of Mississippi. This first-in-America program could mean billions of dollars in economic growth for the state while encouraging savings for college, home ownership and entrepreneurship for the next generation of children.

The unique initiative would establish child accounts under five-year public-private demonstration project. The initial endowment of $500 would be provided by the state to each newborn and additional tax-deductible contributions of up to $2,000 can be made by family, friends, churches, charities, and others each year.

It is estimated that the program would directly benefit more than 210,000 Mississippi children. Accounts would be worth an estimated $17,000 to $56,000 at the child’s 18th birthday, depending on additional deposits made over the life of the account.

See the press release.

Read the report The Case for Child Accounts in Mississippi.

Check out our YouTube channel here.

You can help support ECD's work with a donation. Click on the Network for Good logo below to make a contribution online.