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Trustmark has participated as an investor in the New Markets Tax Credit (NMTC) program since 2005. Based on the success of the program and Trustmark’s desire to better serve the needs of local communities, Southern Community Capital, LLC, was created as a subsidiary of Trustmark National Bank and certified by the Community Development Financial Institutions (CDFI) Fund as a Community Development Entity (CDE) eligible to participate in the NMTC program.
Since its inception in 2012, Southern Community Capital (SCC) has focused on its mission of helping underserved communities by:
Creating quality, accessible jobs
Fueling catalytic economic growth
Providing access to other community goods or services, such as healthcare and groceries
Southern Community Capital has deployed $100 million in New Markets Tax Credit allocations into projects that align with the mission of serving our communities by providing quality, accessible jobs, catalytic economic growth and other community services to meet community and resident needs.
Southern Community Capital partners with Trustmark National Bank, as well as other investors and CDEs, to make these projects successful.