Program will provide $40,000 in grants to neighborhood revitalization efforts in Central Falls, Pawtucket
Deadline for applications is October 27, 2017
PROVIDENCE, R.I. – Citizens Bank announced plans today to invest $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. The initiative will fund 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 towards livability. The application deadline is October 27, 2017.
“We are continuing our Growing Communities initiative in Central Falls and Pawtucket because we believe that in order to help improve the lives of our neighbors, we need to provide a sustained focus,” said Barbara Cottam, Rhode Island Market Executive, Citizens Bank. “This new funding will build on the accomplishments we’ve realized in these communities through our work with local partners who have brought innovative ideas to neighborhood revitalization and economic development.”
“We are pleased to continue our partnership with Citizens Bank on the Growing Communities initiative. Phase 3 will allow the program to expand and to strengthen the initiative’s impact within Central Falls and Pawtucket,” said Jeanne Cola, Executive Director of LISC RI. “Building on the success in previous phases, 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 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://rilisc.org/citizens-bank-announces-growing-communities-initiative/ with the project/program title Growing Communities.
The deadline for applications is October 27, 2017. 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.
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $151.4 billion in assets as of June 30, 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 3,200 ATMs and approximately 1,200 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 www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.
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 1991, LISC Rhode Island has invested more than $341 million in Rhode Island and an additional $1.39 billion from public and private sources resulting in more than 7,400 affordable homes and apartments and more than 2 million square feet of retail and community space. For more, visit www.rilisc.org.