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Last Monday the Jackson City Council Planning panel passed an order to reduce the further expansion of “title mortgage, cash advance, check cashing, alcohol store and pawn shop companies.”
“In a number of places we now have over-proliferation,” Ward 4 Councilman De’Keither Stamps said, describing the “30-plus” check-cashing storefronts on Ellis Avenue. “I’m not sure whenever we have actually 30 financial institutions in Jackson.”
“The Jackson City Council locates that over-development and saturation of” these people “would become damaging into the area’s developing and would efficiently limit the capability from the City to attract diverse forms of company,” the transaction shows. Even though preparation Committee passed it unanimously, they nonetheless must run prior to the complete Council.
Ward 4 Councilman De’Keither Stamps’s moratorium on pawn stores, payday loan providers and alcohol sites in the ward attained the full support associated with the urban area Council’s Planning panel
“Why don’t we stop to discover how exactly we wish these areas working together,” Stamps mentioned. “What do we wish them to look like?”