
New York investment firm provides major funding for Paine College
A local college can now stay afloat and has the potential to grow, thanks to a multimillion-dollar investment from a New York-based impact investment firm that supports small businesses in rural and underserved communities throughout the United States, including Georgia. Paine College, a historically black college located in downtown Augusta, received financing from Enhanced Capital Group’s impact fund in December 2021. For many years, Paine has struggled with financial problems. The college has used this funding to restructure its current debts and free up cash, according to the company’s Georgia







