Funding from the Truist Foundation will support equitable economic development for communities hit hard by COVID-19 pandemic
Chapel Hill, N.C., October 20, 2021 /3BL Media/ - Today, the University of North Carolina at Chapel Hill announced new programming that will transform economically distressed communities hit hard by the COVID-19 pandemic. Focusing on powerful partnerships, the programs will help build resilient local economies with more job opportunities and business growth in North Carolina and across the country.
If you didn’t get a chance to tune in, Yelp held their “Creating Equitable Access to Capital” panel during its annual Black in Business Summit, which you can watch now. The panel featured three leaders in equitable financial services.
NEW YORK, August 17, 2021 /3BL Media/ - Grameen America, a nonprofit community development financial institution helping low-income women entrepreneurs build small businesses, announced today it has received a $1.5 million grant from Truist Foundation to strengthen its current program model to empower Black women entrepreneurs.
With a mission to support racially diverse small businesses, Truist Foundation worked with Black Business Investment Fund on a grant program to support Black-owned businesses impacted by the pandemic.
An organization founded to support Black businesses.
Like many Black-owned business owners during the pandemic, Phylisa Dever, CEO of Kingdom Communications LLC, was unsure how long she would be able to retain her staff. Kingdom Communications LLC is a Black-owned business that has been providing data communications and surveillance installation services for 15 years. Due to the pandemic, operating costs were increasing, and Dever didn’t know how long she could keep making payroll.
Truist Foundation knew it needed to get capital into communities hit the hardest by COVID-19, so it approached NC Rural Center with a new idea.
Truist Foundation invests in rural communities.
The COVID-19 pandemic left many small businesses in a state of disarray. Suddenly, business owners were experiencing cash flow shortages, decreased revenue, and waves of the pandemic hitting the country. The cycle seemed to never end.
For minority-owned businesses, the pandemic pains compounded on top of existing social and economic barriers, increasing the need to find relief.
Truist Foundation leveraged its long-standing relationship with Purpose Built Communities to boost a Racial Equity Ambassador program.
A call for change.
The civil unrest that took place in summer 2020 shed light on the longstanding racial inequities ingrained into our society. This inequity ignited a spark within Purpose Built Communities, a nonprofit organization that works with local leaders across the country to break the cycle of intergenerational poverty. The organization wanted to find a way to create lasting change and meet this moment of racial reckoning.
NCIA’s Herb Hoelter and the Truist Foundation team up to fight homelessness and provide economic mobility through vocational training centers.
Two years ago, Herb Hoelter was walking through downtown Charlotte between business meetings. On the way to his next appointment, Herb passed one of the Queen City’s largest bus depots. To his surprise, inside the station were hundreds of homeless people seeking shelter. In one of the country’s fastest growing cities, Herb saw the other side of the coin.
“In that moment, I had to make an impact in Charlotte,” said Hoelter, founder of the National Center on Institutions and Alternatives (NCIA).
At Truist Foundation, we believe that all people and communities should have an equal opportunity to thrive. We take great pride in ensuring that the communities where our customers and teammates live and work are safe and strong. Our passion for supporting the American Red Cross and its work stems from the help and hope the organization delivers each day to build better lives and communities.
ROME, Ga., March 23, 2021 /3BL Media/ – Berry College’s new state-of-the-art animal science building is scheduled to be completed this summer. This building is made possible by generous partners, including the Truist Foundation, which recently gave Berry a $250,000 grant.
Housing the college’s largest and most distinctive major, the 23,000-square-foot facility will enhance teaching and research in animal health and production, including genetics, microbiology and physiology.
Funding enables expanded contact tracing to address the pandemic on a national level
NASHVILLE, Tenn., March 16, 2021 /3BL Media/ -Meharry Medical College has announced the receipt of a $1.1 million grant from the Truist Foundation to develop a national model for COVID-19 contact tracing through advanced technology solutions to limit the spread of the virus, especially among minority populations most impacted by the pandemic.