Citizens Bank and LISC Rhode Island provide funds for Growing Communities Initiative

The Growing Communities Initiative provided $40,000 in grants to neighborhood revitalization efforts in Central Falls, Pawtucket

PROVIDENCE, R.I. – This week, Citizens Bank announced it invested $40,000 in grants as part of its Growing Communities initiative in Central Falls and Pawtucket. Growing Communities is part of Citizens Helping Citizens Strengthen Communities, the bank’s program to help contribute to the economic vitality of its communities. The Growing Communities initiative is designed to foster neighborhood revitalization and economic development activities across Rhode Island.

Through the Growing Communities initiative, Citizens Bank partnered with the Rhode Island Local Initiative Support Corporation (LISC) to award $40,000 in grants to nine different organizations, ranging from $1,000 to $6,000.  The initiative will fund projects that contribute to the resiliency of Central Falls and Pawtucket by fostering neighborhood growth and supporting local economic activity. 

“We have seen great progress in neighborhood revitalization and economic development in Pawtucket and Central Falls through our Growing Communities partnership with LISC,” said Barbara Cottam, Rhode Island Market Executive, Citizens Bank. “Through this initiative, our partners have created new green spaces, provided workforce and training opportunities and made sure that children arrived at school safely and on time. We are proud to play a part in all the good work taking place in these two communities.” 

“We are pleased to continue our partnership with Citizens Bank on the Growing Communities initiative. Phase 5 will allow the program to expand and strengthen the impact in Central Falls and Pawtucket,” said Jeanne Cola, Executive Director of LISC Rhode Island. “For our community development partners, this fund provides critical funding for growth and capacity building, and allows the organizations to do crucial work in this area.”

Growing Communities is designed to promote and invest in neighborhood revitalization based on the existing assets of a community. These investments may support small business, workforce development and job creation and to make an area more livable, including façade and block beautification, park clean-ups, public art enhancements, access to local farm systems and nutritious food, and providing financial education and health information resources. The initiative was originally launched by Citizens in Cleveland, Ohio, in 2010.

This year’s recipients are:

Ø  City of Central Falls and PawtucketCentral Falls’ Youth Workforce Development and Senior Connection program

Ø  Farm Fresh Rhode IslandHarvest Kitchen Nutrition Education and Job Training Center

Ø  Fuerza LaboralImmigrant Worker-Owned Cooperative Incubator Project

Ø  Pawtucket Central Falls Development Corporation (PCFDC)Green Team Workforce Development Program

Ø  Southside Community Land TrustCollege Corps

Ø  YWCA Rhode IslandSister to Sister Workforce Development Program

Ø  Agnes Little Elementary School Walking School Bus

Ø  Boys & Girls Club of PawtucketOut-of School Time Youth Education & Workforce

Ø  Progreso LatinoEconomic Development Center

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $152.3 billion in assets as of December 31, 2017. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 3,300 ATMs and approximately 1,150 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers corporate, institutional and not-for-profit clients a full range of wholesale banking products and services, including lending and deposits, capital markets, treasury services, foreign exchange and interest rate products, and asset finance. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook..

About the Local Initiatives Support Corporation

LISC Rhode Island is part of the Local Initiatives Support Corporation (LISC), a national nonprofit that equips communities with the capital, program strategy and know-how to become places where people can thrive. Since 1991, LISC Rhode Island has invested more than $373 million in Rhode Island and an additional $1.4 billion from public and private sources resulting in more than 8,000 affordable homes and apartments and more than 2 million square feet of retail and community space. For more, visit www.rilisc.org

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