Results tagged as "citi community development"

  • 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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  • Kindergarten to College: Placing Higher Education within Reach

    By José Cisneros, San Francisco Treasurer and Bob Annibale, Global Director of Citi Inclusive Finance October 19, 2017 04:00 PM

    One in three San Francisco children are born into families with almost no savings. However, when families save as little as $500 for higher education, their children are three times more likely to go to college.

    Six years ago, we set out to do the inconceivable: collaborate to develop a platform to support a program that would enable every family in the San Francisco public school system to put money away for their children’s education. To achieve this goal, Citi collaborated with the City and County of San Francisco, and the San Francisco Unified School District, to launch Kindergarten to College (K2C) -- the first publicly funded, universal children’s savings account program in the United States.

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  • Building Credit = Building a Better Boston

    By Trinh Nguyen, Director, Mayor’s Office of Workforce Development and Office of Financial Empowerment, Boston July 12, 2017 02:00 PM

    In the latest in Citi Community Development’s Inclusive Cities Series, Trinh Nguyen from Boston's Office of Workforce Development and Office of Financial Empowerment discusses the new Credit Building Initiative for Young Working Adults.

    Nayshia Scott, a 21-year old single mother living in Boston, Massachusetts, had a seasonal job and no credit score.

    Nayshia is one in 26 million people – 11 percent of all adults in the U.S. -- who are “credit invisible,” meaning that they do not have a credit record on file at one of the three nationwide credit reporting companies. When borrowers lack a credit record, lenders have a harder time assessing the creditworthiness of applicants who then often find it difficult or even impossible to obtain safe, affordable credit.

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  • Providing Vital Services to Homeowners in Puerto Rico

    By Guillermo Gómez, Citi Puerto Rico Country Officer, and Lily Lopez, Senior Vice President, Citi Community Development June 27, 2017 04:00 PM

    In the U.S., unemployment is low and economic growth is on the rise. Unfortunately, the same can’t be said about the current state of economic affairs in Puerto Rico, where 11 percent unemployment[1], declining wages[2] and the looming prospect of a $70 billion debt default have touched every aspect of daily life for citizens of the Commonwealth of Puerto Rico.

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  • How Technology is Empowering Students in Chicago to Build Bright Financial Futures

    By George Wright, Midwest Region Director, Citi Community Development February 06, 2017 12:00 PM

    Research shows that one of the primary reasons students do not enroll or fail to complete college, even after they have already been accepted, is an inability to manage the newfound financial stresses associated with higher education.

    College tuition has eclipsed median incomes, rising even as salaries have remained stagnant. But the value of a college degree remains significant, as college-educated workers earn 70% more than non-college-educated peers.

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