The Hope Enterprise Corporation is a left-leaning nonprofit organization founded in 1994. Formerly known as the Enterprise Corporation of the Delta, Hope Enterpirse Corporation focuses on urban and housing development in the Southern United States. 1 In addition to promoting left-of-center development policies, the organization provides financial services in low-income southern communities in Arkansas, Louisiana, Mississippi, and the Greater Memphis area of Tennessee. 2 Hope Enterprise Corporation is associated with the Hope Credit Union, which sponsors the left-of-center Hope Policy Institute. 3
Hope Enterprise Corporation is associated with the Economic Analysis and Research Network (EARN). a left-of-center coalition of state-level policy organizations organized by the labor-union-aligned Economic Policy Institute. 4 Much of the early funding for the Hope Enterprise Corporation came from the Ford Foundation and the Heron Foundation, two left-of-center grantmaking institutions. The Ford Foundation provided a $3 million investment in 1999, while the Heron Foundation gave a grant of $250,000 in 2001. 5
History
Formerly known as the Enterprise Corporation of the Delta, Hope Enterprise Corporation began in 1994. 6 Hope Enterprise Corporation is related to the Hope Credit Union which sponsors the left-of-center Hope Policy Institute. 7
Hope Enterprise Corporation is associated with a number of left-leaning economic and political groups, including the Economic Analysis and Research Network (EARN) and the State Priorities Partnership. 8 EARN is a coalition of left-of-center, state-level policy organizations which support the Economic Policy Institute, a labor-union-aligned and funded research institution. 9 The State Priorities Partnership is a left-of-center network of more than 40 policy and research organizations. 10
Activism
Hope Enterprise Corporation supports left-of-center financial and development policy implementation in the American Deep South. In pursuit of these ends, the Hope Corporation has testified in front of the congressional Joint Economic Committee and the Consumer Financial Protection Bureau and has met with federal banking regulators within the past decade to discuss its mission. 11
Hope Enterprise Corporation has advocated for the expansion of government welfare programs, including temporary asset relief programs and Medicaid expansion. 12 Hope Enterprise Corporation has also demonstrated hostility to right-of-center economic measures, fighting to prevent the passage of a bill that would have offered $1.6 billion in tax cuts and relief. 13
References
- “Hope-Enterprise Corporation.” Community, 19 Nov. 2013, community-wealth.org/content/hope-enterprise-corporation. Accessed July 30, 2020.
- “Hope-Enterprise Corporation.” Community, 19 Nov. 2013, community-wealth.org/content/hope-enterprise-corporation. Accessed July 30, 2020.
- “Hope-Enterprise Corporation.” Community, 19 Nov. 2013, community-wealth.org/content/hope-enterprise-corporation. Accessed July 30, 2020.
- “Home.” Economic Analysis and Research Network. Accessed September 24, 2020. https://earn.us/.
- “Hope-Enterprise Corporation.” Community, 19 Nov. 2013, community-wealth.org/content/hope-enterprise-corporation. Accessed July 30, 2020.
- Caskey, John P. “HOPE: The Evolution of a Community Development Organization.” Swarthmore.edu, Swarthmore College, Oct. 2013, www.swarthmore.edu/sites/default/files/assets/documents/user_profiles/jcaskey1/Hope_The_Evolution_of_a_CDO.pdf.
- Caskey, John P. “HOPE: The Evolution of a Community Development Organization.” Swarthmore.edu, Swarthmore College, Oct. 2013, www.swarthmore.edu/sites/default/files/assets/documents/user_profiles/jcaskey1/Hope_The_Evolution_of_a_CDO.pdf.
- “Hope-Enterprise Corporation.” Community, 19 Nov. 2013, community-wealth.org/content/hope-enterprise-corporation. Accessed July 30, 2020.
- “Home.” Economic Analysis and Research Network. Accessed September 24, 2020. https://earn.us/.
- “State Priorities Partners.” State Priorities Partnership, www.statepriorities.org/state-priorities-partners/. Accessed July 31, 2020.
- “Ed Sivak at The Hope Policy Institute.” Inclusiv.org, www.inclusiv.org/about-us/board/2019-nominees/ed-sivak/. Accessed July 31, 2020.
- “Hope Policy Institute.” Hope Policy Institute | Hope Credit Union, www.hopecu.org/about/hope-policy-institute/. Accessed July 31, 2020.
- “Hope Policy Institute.” Hope Policy Institute | Hope Credit Union, www.hopecu.org/about/hope-policy-institute/. Accessed July 31, 2020.