Acting Comptroller of the Currency Tours South Carolina Lowcountry to Highlight Investments in Rural Communities — 2022-08-26

WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today toured South Carolina’s Lowcountry to gain insight into the financial needs of rural communities. During the day-long event, Acting Comptroller Michael J. Hsu met with local leaders, businesses, and non-profits to discuss how bank partnerships with community development financial institutions (CDFI) and community-focused rural groups support economic development in rural areas, particularly communities of color. The South Carolina Association for Community Economic Development (SCACED) hosted the event, which included a visit to The Opportunity Center, an innovative space that provides workforce development, small business incubators, and workspaces for entrepreneurs and start-ups, and houses offices of local non-profits. Acting Comptroller Hsu’s tour also included visits to small businesses in Hollywood and an affordable housing developer in Johns Island who received financing from bank and CDFI partners.