KeyBank Community Development Lending and Investment (CDLI) provided $16.6 million in low income housing tax credit equity (state and federal), a $21.3 million construction loan and $6.3 million taxable equity bridge for the construction of Silos Apartments.
In the Democratic Republic of Congo, Tenke Fungurume Mining, a Freeport-McMoRan company, has operations that generate significant economic stimulus throughout most of the Kolwezi region and into the provincial capital of Lubumbashi.
Significant indirect and induced economic impacts arise from company policy to source as many goods and services as possible from local suppliers and through the spending habits of the company’s approximately 8,000 employees and contractors.
Freeport-McMoRan has advanced investments in women’s economic empowerment programs, such as “Dreambuilder-Women’s Business Creator,” an online entrepreneurship skills training program that has reached more than 3,600 women in Latin America with more than half from communities in Chile and Peru near Freeport-McMoRan operations.
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