Economic Development

Bon Secours Health System established a Community Investment Program where a portion of unrestricted assets (investment funds) are made available through loans to community projects. These funds are combined with resources from other socially responsible investment parties. The monies are made available through non-profit financial institutions to borrowers at low, or below market, rates to foster improvements in the overall health of communities. Loans are made for affordable housing projects, community and childcare centers, workforce development, education as well as economic and social development initiatives. While the financial returns to Bon Secours Health System are modest, the social impact and community returns are expected to be significant.

In addition, Bon Secours Health System participates in a strategic partnership with Mercy Housing, Inc. Through this relationship, developments are created that serve the affordable housing and health care service needs of low income and senior populations in communities served by Bon Secours Health System.