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 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