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ProsperUs tells council it’s targeting more capital to Inkster after finding only 5% of mission lending reaches 'Out Wayne'
Summary
ProsperUs CEO Paul Jones told the council that mission-driven lenders have directed only about 5% of capital to communities outside Detroit in Wayne County and outlined ProsperUs’s local training, technical assistance and lending activity, including two loans totaling $100,000 that ProsperUs says created five jobs.
Paul Jones, CEO of ProsperUs, presented the organization's approach to supporting entrepreneurship and economic mobility in Inkster and Out Wayne.
Jones said ProsperUs combines community listening, entrepreneur training, technical assistance (TA) and direct capital to spur neighborhood businesses. He told council ProsperUs launched an Inkster training site in 2023 with 62 participants and described…
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