In the Limelight: Mike Scott

Rhea-AI Summary

Regions Bank Senior Community Development manager Mike Scott has been awarded the 2024 Tru-Impact Community Advocate Award by TruFund Financial Services. The recognition highlights Scott's exceptional leadership in providing capital access to underserved entrepreneurs and fostering economic growth. Based in New Orleans, Scott has spent 17 years working on community development initiatives, including affordable housing, neighborhood stabilization, and small business support programs. TruFund praised Regions as an exemplary partner in their Southern Region, noting Scott's instrumental role in creating a more equitable small business environment through mentorship and technical assistance.

Positive

• Recognition from TruFund Financial Services validates Regions Bank's community development initiatives
• 17-year track record of successful community partnerships and business development programs
• Strong positioning in supporting underserved markets and small businesses

Negative

• None.

NORTHAMPTON, MA / ACCESSWIRE / November 7, 2024 / Regions Bank
Regions Senior Community Development manager honored for creating opportunities for small-business owners and entrepreneurs in underserved areas.

By Candace Higginbotham

Who

Mike Scott, Senior Community Development manager for the West District, based in New Orleans, Louisiana

What

Scott has been selected as recipient of the 2024 Tru-Impact Community Advocate Award by TruFund Financial Services. TruFund is a Community Development Financial Institution (CDFI) that provides lending and technical assistance to create thriving and resilient small businesses and entrepreneurial ecosystems within underserved communities and among disadvantaged populations.

The Tru-Impact Community Advocate Award recognizes exceptional leadership in providing access to capital for underserved entrepreneurs and fostering economic growth and job creation in communities across the country.

Why

According to TruFund, Regions has been an exemplary partner to TruFund in their Southern Region supporting small businesses by providing access to capital, mentorship, and technical assistance. These efforts have played a crucial role in creating a more equitable small business environment.

The organization explained that Scott's individual contributions have been instrumental in driving these efforts forward. "Your leadership, dedication, and hard work have profoundly impacted the lives of many entrepreneurs and underserved communities. The innovative solutions you have championed address the pressing need for access to capital and inspire others in the field to pursue similar transformative initiatives. Your dedication and innovative approach have empowered numerous entrepreneurs and significantly contributed to the economic vitality of communities in need."

In his own words

"In my 17 years as Community Development manager at Regions, I have been part of a team doing extremely important work in the city of New Orleans. We have established long-term community partnerships with a host of organizations that are working to positively impact the community.

Specifically, we have collaborated with organizations developing affordable housing and stabilizing underserved neighborhoods. And we have supported job training, workforce development, educational and youth development programs throughout the city. And, importantly, we have supported programs that help small business owners - assisting them in growing their businesses and creating jobs.

Receiving the Tru-Impact Community Advocate Award is especially meaningful to me because small businesses are so vital to the health of our communities. Supporting small businesses in underserved communities fosters economic growth, creates local jobs, revitalizes neighborhoods, provides access to essential goods and services, and empowers community members. Small businesses are a primary source of new jobs in these communities, offering employment opportunities that might not exist otherwise, especially for residents with limited access to other employment options. When small businesses thrive in underserved areas, it can lead to increased investment, property value appreciation, and overall economic development within the neighborhood.

I'm very proud of the work we've done in this area, and I'm truly humbled and honored to be recognized by TruFund - a valuable community partner to Regions."

View additional multimedia and more ESG storytelling from Regions Bank on 3blmedia.com.

Contact Info:
Spokesperson: Regions Bank
Website: https://www.3blmedia.com/profiles/regions-bank
Email: info@3blmedia.com

SOURCE: Regions Bank

View the original press release on accesswire.com

FAQ

What award did Regions Bank's Mike Scott receive in 2024?

Mike Scott received the 2024 Tru-Impact Community Advocate Award from TruFund Financial Services for his leadership in providing capital access to underserved entrepreneurs.

How long has Mike Scott worked at Regions Bank (RF) in community development?

Mike Scott has worked as Community Development manager at Regions Bank for 17 years, based in New Orleans.

What initiatives does Regions Bank (RF) support in New Orleans?

Regions Bank supports affordable housing development, neighborhood stabilization, job training, workforce development, educational programs, youth development, and small business assistance programs in New Orleans.