Citizens Bank announces Growing Communities initiative

Program will provide $40,000 in grants to neighborhood revitalization efforts in Central Falls, Pawtucket

Deadline for applications is October 7, 2016.

Download the Application Here

PROVIDENCE, R.I. – Citizens Bank today announced $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 will partner with the Rhode Island Local Initiative Support Corporation (LISC) to award $40,000 in grants, ranging from $2,000 to $10,000 each, for projects that contribute to the resiliency of Central Falls and Pawtucket by fostering neighborhood growth and supporting local economic activity. Applications may include efforts for job creation and sustainability, workforce development activities, small business development, neighborhood revitalization, and overall efforts encouraging overall livability and patronage of local business es. The application deadline is October 7, 2016.

“The Growing Communities initiative aims to revitalize neighborhoods with projects that demonstrate innovative solutions to community development, promote economic development through job creation and demonstrate a plan for long-term sustainability,” said Barbara Cottam, Rhode Island Market Executive, Citizens Bank. “We are excited to launch the second year of Growing Communities in Central Falls and Pawtucket. We look forward to investing in impactful partnerships in both cities where residents are engaged and looking to make their communities a better place to live and work.”

“Citizens Bank has always been a leading Corporate Citizen in our state,” said Congressman David Cicilline. “The Growing Communities initiative provides critical opportunities for community groups to promote economic opportunity and growth. I applaud Citizens Bank and LISC for their ongoing dedication to this important mission.”

Growing Communities represents a significant financial investment for Central Falls and we look forward to partnering with groups to fortify the health of our neighborhoods,” said Central Falls Mayor James Diossa. “We expect Citizens’ efforts will build on what is already happening in Central Falls as well as create new opportunities for our citizens and business owners.”

“This significant donation from Citizens Bank, one of Rhode Island’s great corporate citizens, ensures Pawtucket will continue to benefit from strong partnerships committed to having a real impact on our neighborhoods,” said Pawtucket Mayor Donald Grebien. “Their Growing Communities initiative comes at a pivotal moment in Pawtucket’s economic development, and I applaud Citizens for its commitment to our city.”

“We are pleased to continue our partnership with Citizens Bank on the Growing Communities initiative and to expand the initiative’s impact to Central Falls and Pawtucket,” said Jeanne Cola, Executive Director of LISC RI. “Building on the success of Year 1 in Central Falls and Pawtucket, we look forward to the RFP process and encourage organizations working to improve the quality of life for residents in these two cities to apply.”

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, or activities to encourage patronage of local businesses 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.
Projects eligible for the Growing Communities initiative must meet the following criteria:

  • Project must be focused on improving the quality of Central Falls/Pawtucket neighborhoods.
  • Proposed activity must establish clear goals that will demonstrate measurable outcomes.

Priority consideration may be given to projects that serve low- or moderate-income individuals that strongly impact a community in need, that foster collaboration with clearly defined roles for other partners and that demonstrate a plan for long-term sustainability.

Interested applicants must complete the application and narrative located at http://www.lisc.org/rhode_island/ with the project/program title Growing Communities.

The deadline for applications is October 7, 2016. For questions about the program or the application process, please contact Pauline Bellavance at Rhode Island LISC at PBellavance@lisc.org or 401.519-5608.

Download the Application Here

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $145.2 billion in assets as of June 30, 2016. 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. In Consumer Banking, Citizens helps its retail customers “bank better” with mobile and online banking, a 24/7 customer contact center and the convenience of approximately 3,200 ATMs and approximately 1,200 Citizens Bank branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Citizens also provides mortgage lending, auto lending, student lending and commercial banking services in select markets nationwide. 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 hedging, leasing and asset finance, specialty finance and trade finance. Citizens operates through its subsidiaries Citizens Bank, N.A., and Citizens Bank of Pennsylvania as Citizens Bank, Citizens Commercial Banking and Citizens One. Additional information about Citizens and its full line of products and services can be found at www.citizensbank.com.

About the Local Initiatives Support Corporation Update

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 1980, LISC has invested $15 billion in support for programs that revitalize communities. LISC Rhode Island began its work in 1991 and has since invested $300 million across the state, supporting development of 7,500 affordable homes and 2 million square feet of commercial and community space. For more, visit www.rilisc.org.

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