GULFPORT, Miss.--(BUSINESS WIRE)--The Coalition of African American Communities (COAAC) will be awarded $12,200 in Partnership Grant Program (PGP) funds from the Federal Home Loan Bank of Dallas (FHLB Dallas) and two FHLB Dallas member institutions: The First, A National Banking Association and Community Bank. COAAC provides financial literacy and small business training for low-income residents of Gulfport, Mississippi.
The event will be held at 10:00 a.m., Friday, August 18, 2017, at the COAAC headquarters located at 3280 39th Avenue in Gulfport, Mississippi.
**The media is encouraged to attend.**
COAAC is growing in its quest to help stimulate small business development and sustainable communities. The nonprofit will use the $12,200 PGP grant from The First, A National Banking Association, Community Bank and FHLB Dallas to offset operational and administrative expenses including new equipment, computer software, technical assistance and staff training.
PGP awards provide grants up to $12,000 to community-based organizations (CBOs). The funds may be used for research, organizational capacity-building, grant- and funding-application assistance, or contractual services. Through PGP awards, FHLB Dallas matches a member’s contribution to a CBO of $500 up to $4,000 at a 3:1 ratio. The grants are offered via a lottery system once a year through FHLB Dallas members. In 2017, FHLB Dallas awarded $300,000 in PGP funds through 31 member institutions to assist 30 CBOs. Combined with the $104,550 contributed by FHLB Dallas members, a total of $404,550 was awarded to the organizations. For more information, visit fhlb.com.
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WHAT: |
Check Presentation | ||
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WHEN: |
10:00 a.m., Friday, August 18, 2017 | ||
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WHO: |
Kenneth Casey, Gulfport, Mississippi City Council, Ward 1 |
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Ella Holmes-Hines, Gulfport, Mississippi City Council, Ward 3 |
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C. Jerome Brown, Sr. Vice President, Director of Community Development, The First, A National Banking Association |
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Ray Wesson, Regional President, The First, A National Banking Association |
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Eric Kravette, Harrison County President, The First, A National Banking Association |
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Eric Chambless, President, Community Bank |
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Harry Piascik, Vice President Commercial Lender, Community Bank |
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Leslie Kelley, Vice President Business Development, Community Bank |
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Kally Vlahos, CRA Project Coordinator, Community Bank |
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Bishop Anthony Thompson, Director, Coalition of African American Communities |
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Monica Benjamin, Board Member, Coalition of African American Communities |
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Donald Gibson, Board Member, Coalition of African American Communities |
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Eric Haar, Vice President, Director of Government and Industry Relations, FHLB Dallas |
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Mark Loya, Sr. Affordable Housing Analyst, FHLB Dallas |
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WHERE: |
Coalition of African American Communities |
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| 3280 39th Avenue | |||
| Gulfport, Mississippi 39501 | |||
