March 18, 2019, PROVIDENCE, R.I. – This week, Citizens Bank announced the investment of $40,000 in grants for Newport’s Broadway and North End neighborhood non-profits as part of its Growing Communities initiative. Growing Communities is part of Citizens Helping Citizens Strengthen Communities, the bank’s program to help support local organizations that foster economic vitality of its communities. The Growing Communities initiative is designed to foster neighborhood revitalization and economic development activities across Rhode Island.
Through this initiative, Citizens Bank partnered with Local Initiative Support Corporation (LISC) Rhode Island to award $40,000 in grants to six different organizations, ranging from $4,750 to $10,000. The grants will fund projects that contribute to the resiliency of local communities in Newport by fostering neighborhood growth and supporting local economic activity.
“This is the sixth year of the partnership with Citizens Bank,” said Jeanne Cola, Executive Director of LISC Rhode Island, “through this partnership, we are pleased to have supported many transformational community programs. This year, we’re excited to turn our focus to Newport and bolster some key programs in that community. Phase 6 will allow the program to expand and strengthen the impact in the North End and Broadway neighborhoods.”
“We are proud to continue our partnership with LISC RI to announce that the Broadway and North End neighborhoods in Newport will join our current portfolio of successful revitalization efforts across our state through the Growing Communities program,” said Barbra Cottam, Rhode Island Market Executive, Citizens Bank. “These investments will provide these neighborhoods a wide range of opportunities from capital improvements at a local community center, to innovative youth programs and professional skills workshops. Together, we are ensuring that our neighborhoods get the resources they need to grow.”
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 for its residents. The initiative was originally launched by Citizens in Cleveland, Ohio, in 2010.
This year’s recipients are:
- Bike Newport – Launch of the Educational Programs at the Big Blue Bike Barn
- Boys & Girls Club of Newport Count – North End Kids Clubhouse
- The Florence Gray Center – Placed-based community and supportive services
- Institute of Entrepreneurship & Leadership – Tech Boot Camp
- The Dr. Martin Luther King Center – Stepping Stones program
- Newport Housing Authority – The Saturday Club
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.