ITTA BENA, Miss.–Federal Reserve Chairman Jerome Powell will deliver remarks here during an event being sponsored by an affiliate of a local credit union.
Powell is scheduled to appear Feb. 12 in the Mississippi Delta before an audience of leaders in banking, philanthropy, impact investing and community development during “Rural Places, Rural Spaces: Closing Financial Service Gaps in Persistent Poverty America,” a policy forum hosted by Hope Enterprise Corp. Hope Enterprise Corp is affiliated with Hope Credit Union.
The event is being held at Mississippi Valley State University.
Others addressing the rural policy forum will include representatives from Bank of America, Emerson Collective, Fannie Mae, the Walton Family Foundation, LISC, Opportunity Finance Network, Mary Reynolds Babcock Foundation, the National Community Reinvestment Coalition and others.
“The policy forum will bring leaders from banking, philanthropy, impact investing and community development to the Mississippi Delta, one of America’s poorest regions, to engage in action-oriented dialogue around addressing the financial service gaps that limit economic mobility for many rural people and places, said Hope Enterprise Forum in a statement. “The forum is designed to stimulate solutions for communities that exist on the economy’s edge, where the development degree of difficulty is high, and where financial resources are limited.”
Mississippi Delta Tour
A Mississippi Delta tour, “Where Do We Go from Here: Civil Rights & Community Development in the 21st Century,” will precede the conference, and will conclude with a discussion moderated by award-winning journalist, Jerry Mitchell.
HOPE, which includes Hope Enterprise Corporation, Hope Credit Union and Hope Policy Institute, provides affordable financial services; leverages private, public and philanthropic resources; and engages in policy analysis to fulfill its mission of strengthening communities, building assets, and improving lives in economically distressed parts of Alabama, Arkansas, Louisiana, Mississippi and Tennessee.
Since 1994, HOPE said it has generated over $2 billion in financing that has benefitted more than one million people in one of the nation’s most impoverished regions.