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Funds will be used for loans in Forrest and Lamar counties

Program receives state funds

HATTIESBURG — The Southeast Mississippi Community Investment Corporation (SEMCIC), an initiative of the Area Development Partnership (ADP), has received a $210,000-appropriation from the Mississippi Department of Economic and Community Development’s Small Business Assistance program. The funds will be used for loans in Forrest and Lamar counties to expand existing businesses or help business start-ups.

“We are delighted to partner with the Mississippi Department of Economic and Community Development to assist small businesses,” said president Gray Swoope. “Through this ADP effort, we have been able to help over 41 business since 1993.”

SEMCIC was organized by local banks and has approved more than a million dollars in loans to businesses in Forrest and Lamar counties including retail establishments, restaurants, child care facilities and a manufacturer. Participating banks include Lamar Bank, BancorpSouth, Union Planters Bank, Trustmark National Bank, Bank of Hattiesburg and Deposit Guaranty National Bank.

“The ADP welcomes any opportunity that helps to grow businesses in the area whether it’s through an expansion or a new business. SEMCIC provides the avenue for us to aid these new business owners,” said Gwen James, ADP immediate past chair.

Contact the ADP at (601) 296-7500 or e-mail adp@hattiesburg-adp.org for additional information.

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