Enterprise Communities Enhancement Act of 2001

This bill aims to provide more federal support to economically distressed areas known as "enterprise communities." It would increase the amount of grant money available to these designated areas through the Social Security Act’s block grant program.

For citizens, the bill’s primary impact would be the creation of revolving loan funds to support local residents and businesses. These funds would offer loans to individuals and organizations that commit to hiring disadvantaged adults and youth, helping to stimulate job growth and economic opportunity in underserved neighborhoods.