The bank's National Community Benefits Plan, which has invested $258 million in Maine since it started in 2017, supports minority and low- to moderate-income businesses and communities, as well as renewable energy.
By Staff
KeyBank will increase its National Community Benefits Plan, which focuses on economic access and equity for underserved communities, from $16.5 billion to $40 billion, the Ohio-based company announced Friday.
The fund surpassed its $16.5 billion goal with $18 billion in investments, including $280 million in Maine. The increased fund will provide $36 billion to support equity and inclusion in housing, small-business lending and philanthropic efforts in underserved neighborhoods, and $4 billion in renewable energy and sustainability.
“Corporate citizenship matters; it matters for our communities, for our clients, and for our colleagues, Chris Gorman, KeyCorp CEO and president, said in a news release announcing the fund increase. Delivering on the commitments of our Community Benefits Plan has brought access to capital for neighborhoods and neighbors who have often faced unfair barriers to financial support.
Charleston city councilman removed from committee following downtown rally
VIDEO: Charleston city councilman removed from committee following downtown rally By Lisa Weismann and Live 5 Web Staff | December 11, 2020 at 5:29 PM EST - Updated December 11 at 11:11 PM
CHARLESTON, S.C. (WCSC) - The City of Charleston’s Commission on Equity, Inclusion and Racial Conciliation has only been around for 6 months, and on Friday, it lost a member.
City Councilman Harry Griffin will no longer serve on that board. The co-chairs of the commission put out a statement, saying in order to complete their work without further distraction, they made the decision to remove Griffin.