NewTown Macon announced that Cadence Bank has committed a combination of loan and investment dollars totaling $9 million to support the organization's direct loan program. This relationship will further strengthen NewTown Macon's role as Central Georgia's first Community Development Financial Institution (CDFI) and bolster its efforts to revitalize the local community.

NewTown Macon is a nonprofit organization dedicated to investing time, resources and money in local people and businesses to revitalize Downtown Macon. Through their lending program, they provide critical financial support to entrepreneurs and businesses, particularly those owned by people of color and women.

The $9 million investment from Cadence Bank will provide essential capital for NewTown Macon's lending efforts, ensuring their sustainability and enabling them to make a more significant impact on the community. The affiliation will focus on disrupting the racial wealth gap by directing investments toward first-time borrowers, people of color and underserved individuals who have historically faced barriers accessing capital.

"We are thrilled to announce this strategic investment by Cadence Bank into NewTown Macon's loan program," said Lauren Marshall, Vice President for Community Development at NewTown Macon. "This relationship will not only enhance our capacity to support local businesses but also empower individuals who have been traditionally underserved. By investing in BIPOC and woman-owned businesses, we aim to drive economic empowerment and foster a more inclusive and vibrant community."

Cadence Bank has a strong commitment to community development and recognizes the vital role that CDFIs play in fostering economic growth and addressing systemic disparities. By aligning with NewTown Macon, Cadence Bank demonstrates its dedication to making a positive and lasting impact in Central Georgia.

"We take great pride in supporting NewTown Macon, as we firmly believe our support will pave the way for new opportunities and foster financial inclusivity within the local community, " said Bruce Leicht, Cadence Bank’s Middle Georgia division president. “Our dedication to the communities we serve is part of who we are, and to know that we are actively contributing to the betterment of Downtown Macon is a great honor."

The investment from Cadence Bank will enable NewTown Macon to expand its lending activities, provide critical resources to a broader range of businesses, and foster an environment of economic growth and sustainability in Central Georgia. Entrepreneurs interested in starting a business, fixing a building or obtaining an investment can visit newtownmacon.com/loans for more information.