Banks have always had a role shaping our neighborhoods and cities by providing funds to those individuals or entities that wish to invest in their community. NEC member Citizens Bank is currently seeking applications for projects under a new grant program that will enrich and revitalize the communities in which they are completed.
Projects will be selected based on their potential to create jobs, increase local economic activity, and improve the overall quality of the neighborhood where the bank has a presence. Citizens’ grant program, which has been launched in six other states, is continuing that tradition with its spread to Massachusetts. Infused with $150,000, grants will be awarded in amounts ranging from $15,000 to $50,000 to a nonprofit entity pursuing projects serving low to moderate income individuals.
“Investing in the health of our local communities by funding key community partners is a priority for Citizens Bank and we are proud that our Growing Communities initiative will support and encourage neighborhood-based economic development activities throughout our Commonwealth,” said Jerry Sargent, President of Citizens Bank and RBS Citizens, Massachusetts. “With funding from Citizens Bank, grant recipients can invest in the ingenuity and entrepreneurial spirit of small business people who contribute to the well-being of communities across Massachusetts.”
Citizens’ grant program demonstrates its commitment to improving the lives of their customers and creating more sustainable and resilient communities for them to live in. The program falls under the bank’s umbrella program of Citizens Helping Citizens that focuses on hunger, housing, economic development, financial education and volunteerism. The New England Council thanks Citizens Bank for its commitment to communities and wishes them good luck on the rollout of its grant program in Massachusetts.