One of Maryland’s premiere medical networks just announced an eight-figure investment into the economic development of local and marginalized communities by way of notable funding entities.
The University of Maryland Medical System (UMMS) said in a Thursday statement that it will commit $14 million to 11 community development financial institutions and privity equity firms throughout the state. The investment is intended to address racial, economic and environmental disparities in the communities the system serves.
Image: The University of Maryland Medical Center in Baltimore. (Photo by Flickr user Baltimore Heritage, used via a Creative Commons license)