Citizens Bank Foundation announces Growing Communities Initiative
Program to provide $40,000 in grants to neighborhood revitalization efforts in Newport.
Deadline for applications is December 31, 2019
PROVIDENCE, R.I. December 12, 2019 – The Citizens Bank Foundation announced plans today to 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 December 31.
“The cornerstone of our work at Citizens Bank is to help strengthen our communities.” said Barbara Cottam, Rhode Island Market Executive, Citizens Bank. “The Growing Communities initiative supports local organizations that are implementing innovative ideas that are designed to strengthen our communities and revitalize our neighborhoods.”
“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 Rhode Island. “Building on the success in previous phases, we encourage organizations to apply that are in the Newport Broadway and North End and working to improve the quality of life for residents.”
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 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 Phase 7 Application. https://rilisc.org/growing-communities-initiative-phase-7/
The deadline for applications is December 31, 2019. For questions about the program or the application process, please contact Pauline Bellavance at LISC at PBellavance@lisc.org or phone 401.519.5608.
About Citizens Financial Group, Inc. — Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $164.4 billion in assets as of September 30, 2019. 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 2,900 ATMs and approximately 1,100 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 $396 million in neighborhoods across our state, helping to create more than 8,330 affordable homes and support the development of more than 2 million square feet of commercial, child care, educational, and community space. For more, visit www.rilisc.org
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