Regions Bank Reserves $1 billion In Loans for Economic Development in Alabama


The Regions Bank partnered with the Alabama State government in allocating $1 billion in loans for the state's economic development.

Regions Financial Corp. CEO Grayson Hall announces that this new undertaking will provide loans to companies and businesses. Regions bankers cooperate with the Alabama Commerce Department in order to carry out the loan needed for business funding.

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Federal Programs Related to - Employment, General/Other

Programs whose primary purpose is to help people find, secure and sustain suitable gainful employment.

Federal Programs Related to - Regional Economic Development

Programs that provide technical assistance, venture capital, loans, loan guarantees or other forms of management support to encourage the establishment and growth of business and industry in a particular region of the United States.



Adam Braun, founder of Pencils of Promise, is giving nonprofits a no-nonsense way to bring entrepreneurship to the next level. Pencils of Promise is a philanthropic organization that focuses on forming sustainable educational programs, and forging long-lasting, partnerships with communities. The organization aims to increase access to quality education and impact students and their families in high-need communities throughout Laos, Ghana and Guatemala.




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