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Submitted by key bank
Syracuse, NY, February 7, 2024 /CSRwire/ – $500,000 investment from KeyBank through CenterState CEO Foundation to support CenterState CEO’s commitment to Black, Indigenous and other people of color (BIPOC), women and veterans will help you expand your business coaching and technical assistance programs. Owned company located in central New York. This grant is part of KeyBank’s commitment to invest his $40 billion in the communities it serves and support diversity, equity, and inclusion efforts.
This funding will also play a key role in expanding CenterState’s CEO’s efforts to expand access to business financing for capital-strapped founders, who often find traditional business financing and investment difficult. . We help underrepresented and BIPOC businesses launch and grow through training, coaching, and technical assistance through CenterState CEO’s Up Start program and other small business development programs, including the Real Estate Developer in Residence Pilot. It will also provide direct financing and investments to undercapitalized companies through CenterState CEO’s Growth + Equity Fund.
“This unique approach to equitable growth from CenterState’s CEO will enable entrepreneurs of all backgrounds to access the support and capital they need to grow their region,” said Stephen Fournier, KeyBank Central New York Market President. It will be possible,” he said. “We are proud to invest in their efforts to empower marginalized entrepreneurs to build future success and generational wealth.”
“Due to systemic barriers, the entrepreneurial talent of many in our communities is often underutilized and their potential is not fully supported,” said Dominic Robinson, CenterState CEO’s senior vice president of Inclusive Growth. “This investment from KeyBank will support important tools such as Growth + Equity.” Funds and Up Starts that address these capital disparities and increase economic impact for historically disinvested populations and local entrepreneurs. ”
Ultimately, as participants in these programs build successful businesses, they will achieve financial sustainability and begin to build generational wealth. As drivers of local economies, they will gain a stronger voice in local leadership, participate in the regeneration of the built environment, and drive economic growth and revitalization in these areas.
“Building intergenerational wealth is the key to building strong communities and strong economies,” said Tamika Ortiz, director of corporate responsibility at KeyBank in central New York. “With this investment by Key, CenterState CEO will continue the important work he is doing to level the playing field and make our communities more accessible, fair and successful.”
Since 2017, KeyBank has implemented community initiatives totaling more than $599 million in Central New York, supporting affordable housing and community development projects. Small business and housing financing to low- to moderate-income individuals and communities. and transformative philanthropy.
About key bank
KeyBank’s roots date back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, KeyCorp is one of the nation’s largest bank-based financial services companies with approximately $188 billion in assets as of December 31, 2023.
Key provides deposit, loan, cash management and investment services to individuals and businesses in 15 states under the KeyBank National Association name through a network of approximately 1,000 branches and approximately 1,200 ATMs. Key also trades as KeyBanc Capital Markets, which provides sophisticated corporate and investment banking products, including mergers and acquisitions advice, public and private debt and equity, syndicates and derivatives, to middle market companies in selected industries across the United States. We offer a wide range of products. For more information, please visit https://www.key.com/. KeyBank is a member of the FDIC.
About Centerstate CEO and Centerstate CEO Foundation
CEO of CenterState is Central New York’s premier business leadership and economic development organization, committed to creating a region where businesses thrive and all people thrive. Our vision is to be recognized as a visionary leader, an effective advocate, a great employer, and a force for positive outcomes in our communities.
The mission of the CenterState CEO Foundation is to attract philanthropic support for CenterState CEO programs that remove barriers to economic prosperity for people and places. These programs help build vibrant neighborhood business centers while giving residents access to quality jobs, inclusive workplaces, and entrepreneurial opportunities. Supported activities are designed in collaboration with community partners and include the participation of historically marginalized populations, including women, people of color, indigenous people, veterans, new Americans, and low- to moderate-income individuals. is focused on.
key bank
key bank
KeyCorp’s roots date back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial services companies with approximately $176.2 billion in assets as of March 31, 2021. Key has been providing deposits, loans, cash management and investment services to individuals and businesses for 15 years. Through a network of approximately 1,100 branches and more than 1,400 ATMs, we are affiliated with the state under the name KeyBank National Association. Key, also known as KeyBanc Capital Markets, provides sophisticated corporate and investment banking products, including mergers and acquisitions advice, public and private debt and equity, syndicates and derivatives, in select industries across the United States. We offer a wide range of services to mid-market companies. For more information, please visit https://www.key.com/. KeyBank is a member of the FDIC.
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