Citizens Bank Announces Grant Program for Minority-Owned Small Businesses
August 03 2020 - 10:59AM
Business Wire
Citizens Bank announced today that it will award grants to
minority-owned small businesses in recognition of the value that
they bring as a vital part of our communities. With this program,
Citizens will award 100 grants of $15,000 each ($1.5 million total)
to 100 minority-owned businesses (customers and non-customers)
across the Citizens 11 state footprint, extending its ongoing small
business grant program.
“These grants, part of our ongoing $10 million commitment to
promote social equity and advance economic opportunity, extend our
promise to building stronger communities in which we operate and
are aimed specifically at minority owned businesses to help them
realize the positive impact small businesses have in those areas,”
said Jack Murphy, President, Business Banking, Citizens Bank.
This program will also include a partnership opportunity
(optional to the grant recipient) with SCORE, the nation’s largest
network of volunteer, expert business mentors. If the recipient
opts in, SCORE will match the business with a mentor to help build
and sustain success.
Program Details:
What: The Citizens Bank Minority-Owned Small Business
Grant Program provides assistance to minority-owned businesses
within Citizens Bank’s 11 state footprint. Grant Amounts: 100
grants total, each for $15,000, for total of $1.5m.
Who: Open to both Citizens business banking customers and
other businesses who are not Citizens customers in our branch
footprint. This grant will be open to businesses that are at least
51% minority-owned, operated and controlled by an individual who is
Asian American, Black American, Hispanic American or Native
American, in business a minimum of 1 year, with annual revenue up
to $1 million.
When: Applications for grants will open Monday, August 3,
10am ET – Friday, August 7, 5pm ET. Grant award recipients and
disbursement of funds will occur in mid-September.
Where: To enter, please visit
www.Citizensbank.com/minoritybusinessgrant
How: Applicants can submit a 150-word essay
answering:
How would you use this grant to strengthen
your business and community?
Entrants will be judged by the following criteria:
- Perceived effectiveness of entrant’s plan to use the grant to
strengthen and sustain their business (40%)
- Perceived effectiveness of entrant’s plan to use the grant to
help their community (40%)
- Appropriateness to grant program theme and Citizens Bank brand
image (20%)
About Citizens Financial Group,
Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and
largest financial institutions, with $179.9 billion in assets as of
June 30, 2020. Headquartered in Providence, Rhode Island, Citizens
offers a broad range of retail and commercial banking products and
services to individuals, small businesses, middle-market companies,
large corporations and institutions. Citizens helps its customers
reach their potential by listening to them and by understanding
their needs in order to offer tailored advice, ideas and solutions.
In Consumer Banking, Citizens provides an integrated experience
that includes mobile and online banking, a 24/7 customer contact
center and the convenience of approximately 2,700 ATMs and
approximately 1,000 branches in 11 states in the New England,
Mid-Atlantic and Midwest regions. Consumer Banking products and
services include a full range of banking, lending, savings, wealth
management and small business offerings. In Commercial Banking,
Citizens offers a broad complement of financial products and
solutions, including lending and leasing, deposit and treasury
management services, foreign exchange, interest rate and commodity
risk management solutions, as well as loan syndication, corporate
finance, merger and acquisition, and debt and equity capital
markets capabilities. More information is available at
www.citizensbank.com or visit us on Twitter, LinkedIn or
Facebook.
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Steve Brownell 781-375-0035
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