Job Creation and Community Revitalization Fund Aims to Drive Economic Growth in Low-Income Neighborhoods
NEW YORK, September 24, 2014 /3BL Media/ – Building on a successful pilot program that brought support to some of the nation’s most distressed neighborhoods, Morgan Stanley, along with the Local Initiatives Support Corporation (LISC) and CDC Small Business Finance, announced a $25 million Clinton Global Initiative (CGI) Commitment to Action for an expansion of the Job Creation and Community Revitalization Fund.
Tucson NeighborhoodLIFT® program, a collaboration with NeighborWorks America, The Primavera Foundation and Wells Fargo, to kick off September 5-6 at the Tucson Convention Center;
TUCSON, ARIZ., August 11, 2014 /3BL Media/ - Wells Fargo, NeighborWorks America® and The Primavera Foundation, have joined Tucson Mayor Jonathan Rothschild and South Tucson Mayor Paul Diaz to announce the Tucson Wells Fargo NeighborhoodLIFT® program, an initiative offering $5.5 million from Wells Fargo to boost homeownership and strengthen neighborhoods in the city’s low- and moderate-income areas.
NEW YORK, June 6, 2014 /3BL Media – Morgan Stanley announced today that it has received $60 million in New Markets Tax Credits (NMTC) from the U.S. Department of the Treasury to expand its investment programs aimed at revitalizing underserved communities.
Expanded Partnership Makes More Critical Home Repairs Possible for Low-Income Homeowners Across the Country
WASHINGTON, D.C., May 22, 2014 /3BL Media/- Rebuilding Together, a national nonprofit with a vision of a safe and healthy home for every person, today announced a $2.5 million donation from Lowe’s to support the mission of providing critical home repairs for low-income homeowners.
Long-term investment will focus on Detroit’s community development, blight mitigation, job skills training, small business promotion and other economic growth initiatives
Detroit, May 21, 2014 /3BL Media/ – JPMorgan Chase & Co. unveiled today a $100 million, five-year commitment to support and accelerate Detroit’s economic recovery and strengthen its communities. This long-term investment is the Firm’s largest commitment to a city and among the largest corporate commitments to Detroit. It builds upon the Firm’s deep roots as one of Michigan’s leading financial services providers and corporate citizens.
The annual survey of corporate giving by the Chronicle of Philanthropy lists several tech corporations as among the most generous of all U.S. companies. The corporations that scored high donated between .02 percent of their pre-tax profit, recorded by IBM, and 1.4 percent, recorded by AT&T. AT&T donated $95 million to arts and culture, health, the United Way, education, and community development. Verizon gave $56 million for health and education issues and programs.
In the annual survey of corporate giving compiled by the Chronicle of Philanthropy, many major companies in the health sector scored high as the most generous in supporting urgent social issues. “Most generous” translates to about one percent of pre-tax profit. Merck donated $62 million for health, HIV/AIDS, women’s issues, education, and community development. Pfizer gave $60 million for health causes. Eli Lilly directed $54 million to diversity, hunger and food security, health, the United Way, education, and community development.
Volunteer mother Alejandra harbors no illusions about her neighborhood in Jalisco, Mexico: “There is a lot of crime and drug abuse, lots of violence and school dropouts.” It was exactly these threats that led the mother of three sponsored children to volunteer with Children International. Little did she know that this act of generosity would lead to new skills and a new business.