The Massachusetts Community and Banking Council a public-private partnership that announced a five-year, $400-million commitment to community development in 1990, reported that it had exceeded its goal. Some $514 million was generated, mostly in mortgages for low- and moderate-income residents; other money helped create housing, loans to minority enterprises, ATMs and even bank branches.
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At more than 80 million strong, Millennials are the largest generation ever. They’re also the most diverse, most educated, comprise the largest segment of the American workforce, hold the most purchasing power, and are poised to inherit more wealth than any other generation.