Results tagged as "citi community development"

  • Financial Inclusion at Scale

    By James Forese, President of Citigroup and CEO of the Institutional Clients Group March 13, 2019 09:45 AM

    Most of us can easily comprehend the economic and social case for financial inclusion, but to develop solutions that meet the needs of underserved households, we need to understand people’s individual financial behavior. To be truly inclusive, we must design solutions that reflect a deeper understanding of a customer’s needs – without which even the most innovative and thoughtfully developed products will fail.

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  • Empowering a New Generation of Employees through Shared Ownership

    By Melissa Hoover, Executive Director, Democracy at Work Institute February 28, 2019 03:00 PM

    Shared ownership plays a critical role in addressing the erosion of household incomes and rising property costs in cities while providing avenues to strengthen the small business ecosystem. There is significant benefit and market opportunity for small businesses converting into employee-owned cooperatives, and, for minority business owners, in particular, the power of business ownership is an asset-building strategy.

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  • Citi Jordan and Inclusive Finance: Advancing Financial Access for 10,000 Women

    By Nour Jarrar, CCO Citi Jordan and Kyla Gineitis, Vice President, Citi Inclusive Finance January 24, 2019 04:30 PM

    Despite significant progress in expanding financial access for underserved communities across the globe, one billion women remained unbanked in 2018, according to Global Findex data from the World Bank. Jordan is one country that in recent years has successfully advanced financial inclusion for women. In 2018, 26.6% of women in Jordan had a bank account, an increase of more than 10% since 2014 (15.5%). With just over one in ten women in Jordan participating in the formal economy, however, much more needs to be done to ensure that more women gain access to financial services.

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  • EmpoweredNYC: New Financial Coaching for New Yorkers with Disabilities

    By Frances Liu, Vice President, Citi Community Development January 07, 2019 11:00 AM

    To support the financial resilience of people with disabilities, Citi Community Development is collaborating with the City of New York and National Disability Institute (NDI) on EmpoweredNYC. This multi-prong initiative is developing and delivering enhanced counseling services to advance the financial stability of people with disabilities, as well as new trainings for nonprofit and municipal service providers on how to connect people with disabilities with the best information, services, and programs to meet their financial needs.

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  • Food Business Pathways: Supporting Women Entrepreneurs in NYC

    By Eileen Auld, New York Tri-State Director, Citi Community Development July 02, 2018 04:00 PM

    Launched in 2015, Food Business Pathways is a free business training program that connects NYCHA public housing residents with the training and resources needed to operate their own food business. With catalytic funding from Citi Community Development and led by the NYC Department of Small Business Services, the program provides NYCHA residents with access to the resources they themselves identified as critical to their success—a 10-week intensive food business course, free food handler's licensing and business incorporation, group and 1-on-1 business coaching and the opportunity to compete for incubator space.

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  • Empowered Cities: Financial Empowerment for People with Disabilities

    By Bob Annibale, Global Director, Citi Community Development and Inclusive Finance, and Michael Morris, Executive Director, National Disability Institute February 22, 2018 04:00 PM

    Last month, Tracy McKnight participated in the launch of EmpoweredNYC, a new program led by Citi Community Development, National Disability Institute (NDI) and the City of New York. EmpoweredNYC is the first pilot under Empowered Cities, a $2 million national initiative to enable municipalities to expand financial empowerment and economic inclusion for people living with disabilities and their families.

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  • Puerto Rico: Stories of Despair but also Hope

    By Bob Annibale, Global Director of Citi Community Development and Guillermo Gomez, Chief Country Officer, Puerto Rico February 14, 2018 11:30 AM

    On Wednesday September 20, 2017, Puerto Rico was hit by a Category 4 hurricane – the island’s worst natural disaster in nearly a century. Hurricane Maria made landfall with 155 mile-an-hour winds that caused an estimated $85 billion in insured losses.

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  • Citi Teams up with Cities across the U.S. At Tax Time

    By Bill Mills, CEO North America and Bob Annibale, Global Director of Citi Community Development and Inclusive Finance January 26, 2018 10:00 AM

    ​Nearly half of all U.S. households lack the savings to cover a $400 emergency expense. But at the same time every year, an all- too-often unrecognized opportunity arises that has the potential to alleviate this persistent financial vulnerability for working families living on lower incomes: Filing taxes.

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  • A new model for affordable homeownership in NYC

    By Maria Torres-Springer, Commissioner, New York City Department of Housing Preservation and Development, Christie Peale, CEO & Executive Director, Center for New York City Neighborhoods and Bob Annibale, Global Director, Citi Community Development and Inclusive Finance January 11, 2018 09:15 AM

    For the vast majority of New Yorkers, the American Dream of owning a home is simply beyond reach. But a citywide collaborative of non-profit affordable housing organizations, with support from Citi Community Development, is working to bring affordability back to New York City neighborhoods.

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  • Citi Turkey and Inclusive Finance: Driving Inclusive Economic Progress by Deepening Client Supply Chains

    By Monika Jonusauskiene, Vice President, Citi Inclusive Finance, and Mert Eren, Vice President, Citi Commercial Bank, Citi Turkey November 27, 2017 01:45 PM

    Turkey is the world’s largest exporter of dried fruits and nuts; its agriculture industry employs roughly 15 million people, nearly half of which are women. So if you’ve bought a package of dried figs or dates recently, they probably originated from Turkey. And if the fruit you bought was organic, or if you bought it from a large supermarket in the U.S. or Europe, the supplier was very likely Işık Tarım – one of Turkey’s leading organic produce manufacturers, a Citi Commercial Bank Turkey client, and the first non-financial institution to receive financing through Citi’s partnership with the U.S. Government’s Overseas Private Investment Corporation (OPIC) under its Global Inclusive Finance Framework.

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