Fifth Third Community Development Corp. is investing an additional $2.5 million in First Independence Bank. The move makes Fifth Third the largest investor in the minority depository institution and community development financial institution.
Wells Fargo & Company (NYSE:WFC), NeighborWorks® America and its network member Affordable Housing Resources today announced the NeighborhoodLIFT® program is coming to the Nashville area with a $4.2 million commitment by Wells Fargo to boost homeownership. This will be Wells Fargo’s 54th LIFT program event in the U.S.
JPMorgan Chase & Co. today unveiled a $10 million, three-year investment to help drive inclusive economic growth in underserved Washington, D.C. neighborhoods, most notably in Wards 7 and 8. This long-term commitment is the firm’s third investment in a major U.S. city. It combines the firm’s business expertise and collaboration with local business and community leaders to invest in four key drivers of inclusive growth: jobs and skills, minority-owned small business expansion, neighborhood revitalization and financial health.
Consumers Energy has helped 10,000 small businesses across Michigan lower their costs through an eight-year-old program that rewards them financially for taking steps to use less energy.
Cargill has made its first ever sustainable premium payment by electronic transfer to cocoa farmers in Ghana. Just over 10,000 farmers are benefiting from the 2 million GHS mobile payments made by Cargill in partnership with its customers through the Cargill Cocoa Promise, Cargill’s commitment to improving the livelihoods of farmers and communities that will secure a thriving cocoa sector for generations to come.
In addition to addressing the demands of urbanization growth, cities must also prepare for climate-related challenges via developing a resiliency strategy.
BSR found that luxury brands need to account for the preferences and shopping habits of younger generations, who are more eco-conscious but also less loyal and more digital.
The 10K is hosted by Whole Planet Foundation, a nonprofit established by Whole Foods Market. The foundation pledges to give 100 percent of registration fees to “fund microcredit loans to lift entrepreneurs and their families out of poverty in 69 countries.” Many of the entrepreneurs are women in developing countries. Here’s a great infographic that highlights the work of the foundation.
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