U.S. Bank announces its second round of Community Possible grants, donating $11.2 million in work grants to nonprofits across the country focused on workforce development, higher education, small business development and financial education. U.S. Bank’s Community Possible corporate giving and engagement platform focuses on economic development through three pillars – Work, Home and Play. Earlier this year, the bank donated $6.6 million in grants focused on Play.
This includes donations to seven nonprofits in the Dubuque area: Dubuque Community YMCA/YWCA, Finley Health Foundation, St. Mark Youth Enrichment, Clarke University, Jo Daviess Conservation Foundation, Opening Doors, and the Fountain of Youth Program.
To further its commitment to supporting work and small businesses, U.S. Bank is also introducing a new business referral program, which connects small businesses who do not qualify for a loan product to a national network of Community Development Financial Institutions (CDFIs).
The new CDFI online referral tool, known as Connect2Capital, was developed by Community Reinvestment Fund, USA (CRF). Connect2Capital will leverage the key role CDFIs play in local communities, providing access to capital and support services for small businesses, the primary engines of employment and economic vitality across the country, and especially in low- and moderate-income communities. The program was launched in November.