Community development

Fluency Ranks No.1 in VermontBiz's 2024 Best Places to Work

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金曜日, 3月 29, 2024
Automation, Culture, Employment, COVID, Community development, Society, Partnership, Small business, Commerce, Work, Advertising

BURLINGTON, Vt., March 29, 2024 /PRNewswire-PRWeb/ -- Fluency, the leading innovator of digital advertising management and automation solutions for agencies and large enterprises, announced today that it earned the number one ranking in the small business category of the VermontBiz annual Best Places to Work awards. This is the third consecutive year in which Fluency has been recognized in the Best Places to Work program, which was created in 2006 and is presented in partnership with the Society for Human Resource Management, Vermont State Council, (VTSHRM), the Vermont Department of Commerce and Community Development and Workforce Research Group.

Key Points: 
  • BURLINGTON, Vt., March 29, 2024 /PRNewswire-PRWeb/ -- Fluency , the leading innovator of digital advertising management and automation solutions for agencies and large enterprises, announced today that it earned the number one ranking in the small business category of the VermontBiz annual Best Places to Work awards.
  • We are humbled to be named as a Best Place to Work and congratulate all who earned a place on this list."
  • We are humbled to be recognized as a Best Place to Work and proud to stand alongside so many incredible companies who earned a placement on this list."
  • The employers have created a work environment where the employees love to work.

New BofA Platform Connects Small Businesses to CDFI Capital and Coaching

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水曜日, 3月 27, 2024
Bank of America, Community, Organization, Community development, Partnership, FDIC, SVP, Bank, History, Capital, Small business, CDFI, Quaternary, Investment, Ecosystem, CRF, Access

CHARLOTTE, N.C., March 27, 2024 /PRNewswire/ -- Bank of America has launched a new Access to Capital Connector, an online platform designed to help entrepreneurs and small business owners start and maintain strong and resilient businesses by linking them directly to local Community Development Financial Institutions (CDFIs) and other business support organizations for capital, coaching and support.  

Key Points: 
  • In total, more than 150 CDFIs and other support organizations are participating on the platform, offering capital and resources for entrepreneurs at every stage of their small business journey.
  • "Thousands of small businesses fail each year because they lack the connections, resources and funding to continue operating," said Sharon Miller, President of Small Business for Bank of America.
  • "When small businesses have access to responsible capital and other resources, they create jobs, grow wealth, and provide critical services for communities," said Patrick Davis, SVP of Platform and Technology Services for CRF.
  • The bank provides advice, solutions, access to capital and dedicated support to meet the unique needs of 11 million business owner clients.

Verity Credit Union's Successful Partnership with Zest AI Expands Credit Access to Underserved Communities

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木曜日, 3月 21, 2024
African Americans, Community development financial institution, Organization, Community development, FICO, Partnership, Verity, Verity Credit Union, Puget Sound region, CDFI, HERE

SEATTLE, March 21, 2024 /PRNewswire-PRWeb/ -- Verity Credit Union, an $859 million asset financial institution in Seattle that champions socially responsible banking, announced today the measurable results of its partnership with Zest AI, the leader in AI lending technology. The two organizations came together in 2023 to establish a more inclusive process for reviewing applications for credit cards, personal loans, lines of credit, and auto loans.

Key Points: 
  • SEATTLE, March 21, 2024 /PRNewswire-PRWeb/ -- Verity Credit Union , an $859 million asset financial institution in Seattle that champions socially responsible banking, announced today the measurable results of its partnership with Zest AI , the leader in AI lending technology.
  • "Partnering with Zest AI supports our mission to co-create solutions and advocate for opportunities to grow generational wealth for all," said CEO of Verity Credit Union, Tonita Webb.
  • With the help of Zest AI's technology, Verity achieved notable increases in loan approvals for protected status applicants, who may not typically qualify based on traditional credit scoring methods.
  • "Our mission is to co-create solutions and advocate for opportunities to grow generational wealth for all," said CEO of Verity Credit Union, Tonita Webb.

Enterprise Community Development Announces Janine Lind as President

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水曜日, 3月 20, 2024
Cerberus, Marylhurst University, Community development, Harvard Kennedy School, Policy, Capital, American College, Housing, Cerberus Capital Management, Enterprise Community Partners, Marketing, ECD, National Apartment Association, Management

SILVER SPRING, Md., March 20, 2024 /PRNewswire/ -- Enterprise Community Development, Inc. (ECD), a leading non-profit owner and developer of affordable homes in the Mid-Atlantic and an affiliate of Enterprise Community Partners (Enterprise), today announced the appointment Janine Lind as its new president starting April 29.

Key Points: 
  • SILVER SPRING, Md., March 20, 2024 /PRNewswire/ -- Enterprise Community Development, Inc. (ECD), a leading non-profit owner and developer of affordable homes in the Mid-Atlantic and an affiliate of Enterprise Community Partners (Enterprise), today announced the appointment Janine Lind as its new president starting April 29.
  • Lind will lead Enterprise Community Development's $1.4B portfolio of 115 communities serving 24,000 residents.
  • office, Lind will lead the Community Development division's high-impact residential development, preservation, asset and property management, and resident services work and its $1.4 billion portfolio of 115 communities serving 24,000 residents.
  • "Janine's experience and dedication to mission-focused housing organizations make her a clear choice to lead our Community Development division and to help make home and community places of pride and belonging," said Shaun Donovan, president and CEO of Enterprise Community Partners.

STEVEN & ALEXANDRA COHEN FOUNDATION AWARDS $116 MILLION GRANT TO LAGUARDIA COMMUNITY COLLEGE TO CREATE THE COHEN CAREER COLLECTIVE

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水曜日, 3月 20, 2024
Organization, Community development, Veteran, Associate, Trustee, City University, Hospitality, Health care, History, City, Telephone directory, Community college, United, LaGuardia Community College, Life, Student, CUNY, ESL, New Yorker, Workforce, Disability, Multimedia, Television, Nursing

LONG ISLAND CITY, N.Y., March 20, 2024 /PRNewswire/ -- The Steven & Alexandra Cohen Foundation, led by philanthropist and New York Mets owner Alex Cohen, has awarded a grant of $116.2 million to LaGuardia Community College in Long Island City, Queens, to create the Cohen Career Collective, a state-of-the-art workforce training center. The 160,000 square-foot facility will ensure economic mobility for New Yorkers while providing skilled workers for local employers.

Key Points: 
  • The Steven & Alexandra Cohen Foundation has awarded a grant of $116.2 million to LaGuardia Community College /CUNY.
  • "We are profoundly grateful for this incredible gift from the Steven & Alexandra Cohen Foundation," said Kenneth Adams, President of LaGuardia Community College.
  • We are proud to create the Cohen Career Collective and are committed to our neighbors here in Queens."
  • We are truly honored that she turned to LaGuardia to bring her vision to life through the creation of the Cohen Career Collective."

Republic of Zambia to Become First Nation to Join Operation HOPE's 'Financial Literacy for All' Initiative

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火曜日, 3月 19, 2024
Mwamba, MOU, Republic, Community development, HOPE, Sport, Media, School, Knowledge, Bank, United Nations, Financial literacy, Small and medium-sized enterprises, Bank of Zambia, Social services, Ministry, All, SME, Operation

ATLANTA and NEW YORK, March 19, 2024 /PRNewswire/ -- The Republic of Zambia and Operation HOPE today signed a Memorandum of Understanding (MOU) to promote financial literacy.

Key Points: 
  • ATLANTA and NEW YORK, March 19, 2024 /PRNewswire/ -- The Republic of Zambia and Operation HOPE today signed a Memorandum of Understanding (MOU) to promote financial literacy.
  • Under the MOU, the two parties will collaborate to promote financial literacy in the Republic of Zambia and with Zambian diaspora in the United States of America, with Zambia joining the Operation HOPE-led ' Financial Literacy for All ' coalition as its first member state.
  • Mwamba said financial literacy training will enable Zambian youths to make informed decisions for their businesses.
  • With their commitment, the Republic of Zambia will explore the development of a wide range of financial literacy initiatives, including:
    Developing and delivering financial literacy workshops and courses;
    Creating and distributing financial literacy materials;
    Partnering with schools and community organizations to promote financial literacy; and
    Economic empowerment of Zambian citizens, including Small and Medium Enterprises (SMEs).

Vista Bank Will Soon Open the Doors to Fair Park's First New Bank in Almost Three Decades

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水曜日, 3月 13, 2024
Organization, Community development, Small business, Partnership, Trust, Social Security, LPO, Bank, Education, DEC, Boy, SDFP, Carter High School, Quality of life, Athlete, Student, Commerce, System, COMMUNITY, MLK BLVD, I-30, Family, DISD, VISTA, Vista Bank, Vista

"Vista Bank's commitment to our community…will drastically raise the quality of life for so many."

Key Points: 
  • "Vista Bank's commitment to our community…will drastically raise the quality of life for so many."
  • With over a century of West Texas roots, the Bank expanded its footprint into Dallas in 2017 with a loan production office (LPO.)
  • Vista would eventually open a full-service location in Preston Center, where the headquarters were relocated in early 2020.
  • "I am beyond thrilled that Vista Bank has announced the opening of a Branch in South Dallas," stated Dallas City Councilman Adam Bazaldua.

Greystone Provides $39 Million in Freddie Mac Permanent Financing Towards New Affordable Housing Development in Tysons Corner, Virginia

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水曜日, 2月 21, 2024
Subject, Community development, Spring Hill station, Exchange, Housing authority, AMI, Energy efficiency, TEL, Bank of America, Housing, Freddie Mac, Forward, APAH

The financing was originated by Pharrah Jackson, Vice President at Greystone, on behalf of non-profit housing developer Arlington Partnership for Affordable Housing (APAH).

Key Points: 
  • The financing was originated by Pharrah Jackson, Vice President at Greystone, on behalf of non-profit housing developer Arlington Partnership for Affordable Housing (APAH).
  • The Freddie Mac Forward commitment financing includes a 48-month construction period with a 17-year permanent loan term.
  • “Having partners like Greystone is fundamental to securing the critical financing needed to make a project of this magnitude possible.
  • “We are thrilled to play a role as the permanent lender with Freddie Mac’s Forward TEL program, which has been truly transformative in the affordable housing construction space.

Governor Lee, Commissioner McWhorter Announce Shoals Technologies Group to Expand Manufacturing and Distribution Operations in Sumner County

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水曜日, 2月 21, 2024
TVA, Community development, Economic development, Quality of life, City, News, Growth, EBOS, House, Community, Partnership, Renewable energy

Bill Lee, Department of Economic and Community Development Commissioner Stuart C. McWhorter and Shoals Technologies Group officials announced today the company will invest $80 million over the next five years to expand its existing manufacturing and distribution operations to a new, larger location in Portland, Tennessee.

Key Points: 
  • Bill Lee, Department of Economic and Community Development Commissioner Stuart C. McWhorter and Shoals Technologies Group officials announced today the company will invest $80 million over the next five years to expand its existing manufacturing and distribution operations to a new, larger location in Portland, Tennessee.
  • Shoals will create approximately 550 new jobs over the next five years in Sumner County, bringing the company’s total headcount in the region to roughly 1,400.
  • As part of the expansion, Shoals will relocate its manufacturing operations to a 638,000-square-foot plant at 1500 Shoals Way.
  • Headquartered in Portland, Tennessee, Shoals Technologies Group is a leading electrical balance of systems (EBOS) provider for solar, energy storage and eMobility.

State Street Announces $100 Million Program for Minority Depository Institutions and Community Development Financial Institutions

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木曜日, 2月 29, 2024
Professional Services, Communications, Finance, Asset Management, Banking, Public Relations, Investor Relations, MLT, Community development, Certification, Racism, Workplace, Mechanics, Growth, State Street Corporation, Address, State Street, STT, State, Inequality, Partnership

State Street Corporation (NYSE: STT) today announced a $100 million program to provide low-cost, stable deposit funding to minority depository institutions (MDIs)1 and Community Development Financial Institutions (CDFIs)2, to support the firms’ collective missions of addressing inequities in our communities by working toward a more just and equitable future.

Key Points: 
  • State Street Corporation (NYSE: STT) today announced a $100 million program to provide low-cost, stable deposit funding to minority depository institutions (MDIs)1 and Community Development Financial Institutions (CDFIs)2, to support the firms’ collective missions of addressing inequities in our communities by working toward a more just and equitable future.
  • As a part of this program, the firm is initially partnering with two mission-driven MDIs - Optus Bank and Mechanics & Farmers Bank (M&F Bank).
  • Both MDIs and CDFIs support low-to-moderate income communities through lending, affordable housing and workforce development.
  • This program, builds upon State Street’s actions to advance racial equity.