Results tagged as "citi community development"

  • Citi Releases 2011 Global Citizenship Report

    By Pam Flaherty, Director of Corporate Citizenship and President & CEO of the Citi Foundation April 18, 2012 11:00 AM

    Yesterday, Citi released its 12th annual Global Citizenship Report, detailing the bank's progress and performance on key environmental and social indicators. Highlights of the report include Citi surpassing its 2011 goal to reduce greenhouse gas (GHG) emissions by 10% and the Citi Foundation reaching 1.6 million people to date through grants that expand financial inclusion and economic empowerment.

    Over the last 12 years we've made strides to continuously improve our transparency and disclosure on key issues based on our engagement with stakeholders, including clients and NGOs. This process has added value to the organization by helping our businesses better understand the needs of our clients and communities and identifying areas of opportunity to be innovative in our approach to supporting sustainable economic development.

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  • L.A. Mayor's Office Recognizes Citi Community Development's Bridges to Business Success Program with 'Corporate Innovator of the Year' Award

    April 05, 2012 09:00 AM

    Last week, Citi Community Development received the Corporate Innovator of the Year Award from Los Angeles Mayor Antonio Villaraigosa's Office of Economic and Business Policy in recognition of its leadership in bringing together a network of stakeholders to implement the Bridges to Business Success program that is certifying, training and empowering minority-owned small businesses in the real estate services field to grow and create jobs.

    Bridges to Business Success is a collaboration of Citi Community Development, the City of Los Angeles, the Los Angeles Housing Department, the University of Southern California Minority Business Development Agency, and the Southern California Minority Business Development Council. The program makes use of federal Neighborhood Stabilization Program (NSP) funds received by the City of Los Angeles to create jobs and revitalize neighborhoods. In the program, minority-owned, real estate-focused small businesses undertake an eight-week business training course at the University of Southern California and receive assistance in developing a strategic procurement plan.

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  • Citi Community Development to Assist LEDC in Boosting Lending to Washington, DC Small Businesses

    February 24, 2012 09:00 AM

    Citi Community Development and the Latino Economic Development Corporation (LEDC) recently announced a substantial contribution to help small businesses in the District of Columbia access microloans to support business expansion, income growth, and job creation. LEDC's successful micro-lending program provides alternative financing to small businesses, the most important engines of economic growth in the District. Citi's $500,000 commitment will enable LEDC to expand its micro-lending program and increase lending to small businesses by nearly 50 percent over the next year.

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  • An Innovative Conference on Innovating in Education

    By Lily Morgan Owen, Options Center Director, Goddard Riverside Community Center February 02, 2012 11:15 AM

    This past December I had the pleasure of joining 75 education leaders to develop action plans for "Building College Readiness, Access and Success in New York City in the next 365 Days." This one-and-a-half day conference, which used the innovative Open Space Technology meeting model, was sponsored by Citi Community Development (CCD) and presented in partnership with the Options Center of Goddard Riverside Community Center.

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  • Citi Cubs Kids returns for third season to motivate and educate Chicago children

    January 19, 2012 12:00 PM

    Last week, Citi launched its 2012 Citi Cubs Kids season with a program featuring the new President of Baseball Operations for the Chicago Cubs, Theo Epstein, at iconic Wrigley Field. Epstein was on hand to inspire and motivate 100 students from a Chicago elementary school.

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  • New York Mets Great John Franco and Citi host holiday dinner for local children

    December 09, 2011 09:00 AM

    Earlier this week, Citi and the New York Mets teamed up at Citi Field for a holiday celebration with 200 local kids ages 7 to 19 from the United Neighborhood Houses (UNH) federation of settlement houses and community centers. John Franco and team mascot Mr. Met were on hand for dinner and a ballpark tour.

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  • Advancing the use of data among Nonprofits

    By Elizabeth Nash, Associate Director, PolicyMap December 08, 2011 10:45 AM

    Nonprofits need data to understand community conditions so they can make smart investments and establish sound program strategies. At PolicyMap, this need drives our efforts to make data readily accessible.

    To advance the use of data among nonprofit partners and stakeholders, Citi Community Development (CCD) and PolicyMap teamed up to create a new online resource, the PolicyMap Data Tool. Hosted on the Community Development @ Citi website, the free PolicyMap Data Tool provides access to key indicators like 2010 population, vacancy rates and unemployment. The interactive interface allows users to drill down to information at the county, city and Census tract levels. The tool includes a customized view that provides all of the indicators with just one mouse click.

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  • The bright lights: CDFIs in the spotlight

    By Mark Pinsky, President & CEO Opportunity Finance Network November 16, 2011 03:30 PM



    Editor's note: Community Development Financial Institutions [CDFIs] are doing essential work filling gaps in the financial services industry and transforming communities in the process - but many people have never even heard of them. Recently, Citi Community Development sat down with Opportunity Finance Network and NACEDA to discuss the role and importance of financial services institutions and CDFIs in delivering responsible, affordable lending to help low-income and other disadvantaged people and communities join the economic mainstream.

    I remember vividly when, in 1994, on the verge of the creation of the Treasury Department's CDFI Fund, the Executive Director of a community development financial institution (CDFI) said in a public meeting: "We've been really successful so far in staying off everyone's radar screens. I guess that's about to end."

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  • "Out" for business.

    By Justin Nelson, President and Co-founder, National Gay & Lesbian Chamber of Commerce July 08, 2011 11:50 AM

    The lesbian, gay, bisexual, and transgender (LGBT)-owned small business community--comprising an estimated 1.4 million enterprises in the United States--has an enormous depth and promise. My job, as president of the 29,000-member National Gay & Lesbian Chamber of Commerce (NGLCC), is to help them reach their full potential.

    Like other entrepreneurial associations, NGLCC focuses on events and educational programs on essential topics for any small business such as how to access financing and develop new clients. But we also deal with issues unique to this group, such as how to certify or identify as an LGBT business and what that can mean for a business and its employees.

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  • Bouncing back: The power of one in three.

    By Connie Evans, President, Association for Enterprise Opportunity May 27, 2011 12:27 PM

    According to the Bureau of Labor Statistics, 9 percent of Americans were unemployed at the end of April. That's 13.7 million people. What's more, another 2.5 million were not working, but wanted employment. The numbers are staggering, and at the Association for Enterprise Opportunity (AEO), we're working in conjunction with many others, including Citi, engaged in helping the economy and employment bounce back.

    We're focusing on Main Street. By our count, "micro"--or very small--businesses represent more than 80 percent of all businesses in the United States and have huge potential as growth drivers. Our new research, generously funded by the Citi Foundation and fittingly titled "The Power of One in Three," shows that if just one in three microenterprises hired a single employee, the U.S. would be at full employment.

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