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Ward 4 Councilman De’Keither Stamps’s moratorium on pawn stores, cash advance providers and liquor stores

Ward 4 Councilman De’Keither Stamps’s moratorium on pawn stores, cash advance providers and liquor stores

Ward 4 Councilman De’Keither Stamps’s moratorium on pawn stores, cash advance providers and liquor stores

Moratorium on Payday Lenders, Liquor, Title and Pawn stores in Ward 4 strategies Ahead

within their ward gained the help that is packed with City Council’s planning Committee. Photo by Imani Khayyam.

Final Monday the Jackson City Council planning Committee passed a purchase to curtail the further expansion of “title loan, payday loan, check cashing, liquor store and pawn shop businesses.”

“In some areas we’ve got over-proliferation,” Ward 4 Councilman De’Keither Stamps reported, describing the “30-plus” check-cashing storefronts on Ellis Avenue. “I’m perhaps not sure if we have in fact really 30 financial institutions in Jackson.”

“The Jackson City Council finds that over-development and saturation of” the aforementioned businesses “would be harmful to the City’s development and would efficiently limit the ability related to City to attract diverse types of company,” your purchase states. Although the planning Committee passed it unanimously, it nonetheless must get before the complete Council.

“Why don’t we pause to see precisely how exactly we want these areas be effective together,” Stamps stated. ” simply what do we want them to check like?”

Where these businesses may be things, because thirty percent of Jackson’s population lives underneath the poverty line, and Mississippi it self could be the suggest that is poorest to the union.