Bunton Joins Southeast Community Capital
Thursday April 10, 2008
Southeast Community Capital announced today that Amy Bunton has joined the statewide non-profit.
NASHVILLE, Tenn. - Southeast Community Capital (SCC) announced today that Amy Bunton has joined the statewide non-profit as Senior Vice President and Tennessee Fund Manager of the Tennessee Rural Opportunity Fund (TN-ROF).
As a senior member of management Bunton's responsibilities will primarily focus on partnership and investor development and entrepreneurship based economic development strategies.
The TN-ROF is a newly established $10 million economic development fund created through a public-private partnership between the State of Tennessee, the Member banks of the Tennessee Bankers Association, and Southeast Community Capital Corporation. This new initiative is focused on providing access to capital and technical assistance to small businesses in rural areas throughout the State.
It is anticipated that the TN-ROF will fund more than 350 small businesses and create more than 600 new jobs resulting in an increase in annual payrolls of $18 million over then next ten years. Plans are underway to open a Jackson location of SCC by June.
"We are excited about having someone joining our team with Amy's depth of experience in economic development and emphasis in business and industrial issues. Adding her to our staff will allow us to continue to grow our organization's partnerships and offerings for a broader range of Tennessee firms," said SCC President Clint Gwin.
A Jackson native, Amy most recently served as General Manager for the Tennessee Valley Authority where she oversaw TVA's Existing Business and Industry initiatives and Economic Development Loan Funds. During her tenure TVA funded more than $100 million in investments to firms and communities throughout the Southeast and helped create more than 200,000 jobs.
Prior to her role with TVA, Amy was appointed Assistant Commissioner for Administration with the Tennessee Department of Economic and Community Development where she also served as Director of Existing Industry. Amy is well recognized for her knowledge in the area of industrial retention and she is the current president of the professional organization Business Retention and Expansion International.
Southeast Community Capital is a not-for-profit Community Development Financial Institution operating throughout Tennessee that provides loans to small businesses lacking access to traditional financing. Headquartered in Nashville and with offices in Memphis and Knoxville, SCC has the capacity to assist entrepreneurs in all 95 Tennessee counties. Learn more about SCC and the Tennessee Rural Opportunity Fund at http://www.sccapital.org/.
