Citizens Bank Foundation and LISC Rhode Island announce Growing Communities Program will provide $40,000 in grants to neighborhood revitalization efforts in Newport neighborhoods
Deadline for applications is October 26, 2018
October 1, 2018, PROVIDENCE, R.I. – The Citizens Bank Foundation will invest $40,000 in grants as part of its Growing Communities initiative in Newport’s Broadway and North End neighborhoods. 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 Foundation 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 Newport’s Broadway and North End neighborhoods 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 26, 2018.
“Through Growing Communities, Citizens supports local organizations that are implementing innovative ideas to strengthen our communities and revitalize our neighborhoods,” said Citizens Bank Rhode Island Market Executive Barbara Cottam. “By bringing this initiative that has been successful in Providence, Central Falls and Pawtucket to the Broadway and North End neighborhoods in Newport, we are able to focus attention and funds on these often overlooked neighborhoods adjacent to some of the wealthiest communities in our state.”
“We are pleased to continue our partnership with Citizens Bank Foundation on the Growing Communities initiative. By fostering neighborhood revitalization and economic development activities in a targeted community, we can make a meaningful and visible difference,” 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 neighborhoods 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. 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 the Broadway and North End 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 26, 2018. For questions about the program or the application process, please contact Pauline Bellavance at Rhode Island LISC at PBellavance@lisc.org, 401.519.5608.
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $155.4 billion in assets as of June 30, 2018. 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 1,150 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 Local Initiatives Support Corporation (LISC) – 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. Our strategies – investing in real estate, increasing family income & wealth, stimulating economic development, improving access to quality education, and supporting healthy environments and lifestyles – work together to improve the health and well-being of our neighbors. Since 1991, LISC Rhode Island has invested $437 million in neighborhoods across our state, helping to create more than 8,835 affordable homes and support the development of more than 2.5 million square feet of commercial, childcare, educational, and community space. For more information, visit www.rilisc.org.
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