NewTown Macon announces $1 million investment from Synovus to support local entrepreneurs and developers
MACON, Ga. (Nov. 9, 2023) – NewTown Macon has received a $1 million investment from Synovus Bank to support its loan program to advance inclusive economic growth in the communities it serves. The partnership, a testament to the shared values of NewTown and Synovus, will support local entrepreneurs and developers with a focus on those historically underserved.
“The investment from Synovus propels us toward creating a more inclusive and diverse community, with local entrepreneurs and developers leading downtown's revitalization,” said Lauren Marshall, vice president of community development at NewTown Macon. “This funding will significantly enhance our lending capacity, allowing us to provide financing and training to local businesses.”
As Central Georgia’s first and only community development financial institution, NewTown provides critical financial support and training to entrepreneurs and real estate developers, particularly people of color, women, first-time borrowers and young people. NewTown’s expertise, paired with accessible financial products, helps Maconites open new businesses, scale existing concepts, and purchase and develop property.
“Synovus is committed to supporting underserved entrepreneurs and developers to gain access to capital and training to achieve stability and long-term growth,” said David Danzie, vice president and relationship manager at Synovus. “NewTown Macon understands the challenges communities undergoing revitalization face, so partnering with them to expand their existing programs will ensure Macon continues to thrive.”
Entrepreneurs interested in launching a business, expanding an existing business, or renovating a building can find more information at newtownmacon.com/loans.
About NewTown Macon
We are an independent nonprofit that focuses on economic development and revitalizing Downtown Macon. We make it safe and beautiful and fun and affordable. And we keep it local. We are located at 555 Poplar Street, Macon, GA 31201 and can be reached at (478) 722-9909. For more information, please visit newtownmacon.com.
About Synovus Bank
Synovus Bank, a Georgia-chartered, FDIC-insured bank, provides commercial and consumer banking in addition to a full suite of specialized products and services, including private banking, treasury management, wealth management, mortgage services, premium finance, asset-based lending, structured lending, capital markets and international banking. Synovus has branches in Georgia, Alabama, South Carolina, Florida and Tennessee. Synovus is a Great Place to Work-Certified Company and is on the web at synovus.com, and on X, formerly known as Twitter, Facebook, LinkedIn and Instagram.