Program to provide $40,000 in grants to neighborhood revitalization efforts in Woonsocket
Deadline for applications is December 15, 2020.
PROVIDENCE, R.I. – Citizens Bank announced plans to invest $40,000 in grants as part of its Growing Communities initiative. This year’s program will focus on non-profits in Woonsocket. 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 resident resiliency in Woonsocket 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 15, 2020.
“We are continuing our Growing Communities initiative and moving our focus to Woonsocket 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. This expansion will strengthen the initiative’s impact and bring the work to Woonsocket” said Jeanne Cola, Executive Director of LISC Rhode Island. “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 Woonsocket 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 Woonsocket residents.
- 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.
The deadline for applications is December 15, 2020. For questions about the program or the application process, please contact Liz Klinkenberg at LISC Rhode Island at eklinkenberg @ lisc.org.
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 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.