The Benefits Of Small Economic Development
We were unable to find any banks with programs to specifically assist in relocating
individuals to new cities for work, although many banks have programs for affordable
housing development.
Many large banks and financial institutions provide small business development
funding through their partnerships with the Local Initiatives Support Corporation
(LISC), which operates throughout the United States.
Bank of America, Cambridge Savings Bank, KeyBank, TD Bank, and M T Bank
have active programs in their service areas to assist small business creation and
community development, either through nonprofit partnerships or through direct
investment, financing and tax incentive programs.
Overview
After a thorough search of banks across the USA, we ... Show more content on
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While specific details depend upon which nonprofits Bank of America chooses to
partner with, it is safe to assume that at least some of these nonprofits, in
partnership with Bank of America, will work to bring new small businesses to
communities across the United States. Bank of America will be accepting
applications from nonprofits looking for funding in this area of programming from
January 29 to February 23, 2018. Eligibility criteria includes tax exempt non profit
status as well as serving one of these specific locations.
CAMBRIDGE SAVINGS BANK Cambridge Savings Bank also conducts their
charitable giving through grants and sponsorship for nonprofits in the following
communities: Acton, Arlington, Bedford, Belmont, Brookline, Burlington,
Cambridge, Concord, Lexington, Lincoln, Medford, Newton, Somerville, Waltham,
Watertown, Winchester, Woburn or the neighborhoods of Allston and Brighton.
Cambridge Savings Bank primary focus areas include: Human Services, Affordable
Housing, Community Development, and Civic Initiatives. Under their Community
Development initiatives, they specifically state that they work with nonprofits whom
attract new businesses to the area , although they do not list which nonprofits they are
currently working with or the specific programs.
KEYBANK
KeyBank, which also provides most of its support via nonprofit sponsorship and
funding, has identified Neighbors, Education,