September 2024 Group Watch: AL Rural Businesses Getting a Boost
A new initiative from investment bank Goldman Sachs will support small businesses in rural Alabama, with goals that include growth and job creation. U.S. Senator Katie Britt joined representatives of Goldman Sachs in Birmingham for the launch of the bank’s “Investment Rural” program. The $100 million initiative provides results-oriented business training, access to capital and personalized support services. Through a partnership with HOPE (Hope Enterprise Corporation/ Hope Credit Union), Goldman Sachs will deploy $20 million of capital to small businesses in the rural South, and HOPE is committing $3 million to community development financial institutions serving Alabama, including Communities Unlimited.
