Two University of Arkansas at Pine Bluff students — John James Jr. and Tina Daniels — are among 12 new staff members of Hope Enterprise Corporation and HOPE Federal Credit Union.
The placement of UAPB students is part of a comprehensive partnership between the Economic Research and Development Center and the Office of Career Services at UAPB with Hope Enterprise Corporation. This partnership is aimed at supporting small businesses via the UAPB Business Support Incubator.
HOPE was created to serve as a financial institution for individuals and communities that otherwise may not be able to access the services they need from traditional financial institutions. National and local trends have resulted in many economically distressed communities that are left without mainstream banking resources, leaving local residents vulnerable to predatory and sub-prime companies. These individuals often find their assets being stripped away by pawn shops, check-cashing outlets, payday lenders and cash-for-title operations.
Since 1994, HOPE has generated more than $1.7 billion in financing for entrepreneurs, homebuyers and community development projects and assisted more than 130,000 individuals in low-income communities throughout the Mid-South. The corporation will be poised to offer financial services to residents and also assist ERDC in carrying out its economic and community development agenda in Pine Bluff and Southeastern Arkansas.