U.S. Department of the Treasury Highlights the Benefits of Public-Private Partnerships for Main Street and Underserved Rural and Urban Communities

WASHINGTON – The Economic Opportunity Coalition (EOC), launched by Vice President Kamala Harris in July 2022, is a group of more than two dozen companies that have committed to making investments in small business underserved communities to address economic disparities and jumpstart local economic activity. To date, the EOC has announced $1 billion of deposits with Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs) through partnerships with private companies.Alongside the efforts of the Economic Opportunity Coalition to support underserved communities, the Treasury Department released new data on lending activity by participants of the Emergency Capital Investment Program (ECIP).