{"id":14451,"date":"2023-11-14T17:00:00","date_gmt":"2023-11-14T17:00:00","guid":{"rendered":"https:\/\/www.esgtoday.com\/fifth-third-exceeds-180-million-commitment-to-empowering-black-futures-program-publishes-inaugural-community-impact-report\/"},"modified":"2023-11-14T17:00:00","modified_gmt":"2023-11-14T17:00:00","slug":"fifth-third-exceeds-180-million-commitment-to-empowering-black-futures-program-publishes-inaugural-community-impact-report","status":"publish","type":"post","link":"https:\/\/www.esgtoday.com\/fifth-third-exceeds-180-million-commitment-to-empowering-black-futures-program-publishes-inaugural-community-impact-report\/","title":{"rendered":"Fifth Third Exceeds $180 Million Commitment to Empowering Black Futures Program, Publishes Inaugural Community Impact Report"},"content":{"rendered":"<p class=\"bwalignc\">\n<i>Focus on Creating Economic Mobility, Building Inclusive Infrastructure<\/i><\/p>\n<p>CINCINNATI&#8211;(BUSINESS WIRE)&#8211;<a href=\"https:\/\/twitter.com\/hashtag\/53better?src=hash\" target=\"_blank\" rel=\"noopener\">#53better<\/a>&#8211;Fifth Third Bank, National Association, today announced that its Empowering Black Futures Neighborhood Program has in two years already exceeded the program\u2019s $180 million, three-year commitment. The program has invested $187 million in nine low-to-moderate income neighborhoods that have experienced disinvestment. Fifth Third also is extending technical assistance related to the program by an additional year, through 2025, to ensure continued, sustained impact and progress.<\/p>\n<p><a href=\"https:\/\/mms.businesswire.com\/media\/20231114010661\/en\/1944199\/19\/23-10_EBF-2Year-Anniversary_Social-1x1.mp4\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20231114010661\/en\/1944199\/21\/23-10_EBF-2Year-Anniversary_Social-1x1.jpg\"><\/a><br \/><a href=\"https:\/\/mms.businesswire.com\/media\/20231114010661\/en\/1944199\/19\/23-10_EBF-2Year-Anniversary_Social-1x1.mp4\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20231114010661\/en\/1944199\/5\/23-10_EBF-2Year-Anniversary_Social-1x1.jpg\"><\/a><br \/><a href=\"https:\/\/mms.businesswire.com\/media\/20231114010661\/en\/606981\/5\/53_2c_Stacked.jpg\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20231114010661\/en\/606981\/21\/53_2c_Stacked.jpg\"><\/a><br \/><a href=\"https:\/\/mms.businesswire.com\/media\/20231114010661\/en\/606981\/5\/53_2c_Stacked.jpg\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20231114010661\/en\/606981\/22\/53_2c_Stacked.jpg\"><\/a><\/p>\n<p>\nFifth Third announced comprehensive updates for the neighborhoods, along with progress on additional initiatives to drive transformation in low-to-moderate income areas, in its inaugural <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&#038;url=http%3A%2F%2Fwww.53.com%2FCIR&#038;esheet=53823059&#038;newsitemid=20231114010661&#038;lan=en-US&#038;anchor=Community+Impact+Report&#038;index=1&#038;md5=e0a4521e5d7c71ce20b119546ccd6bba\" rel=\"nofollow noopener\" shape=\"rect\">Community Impact Report<\/a>.<\/p>\n<p>\nThe Community Impact Report illustrates Fifth Third\u2019s commitment to building stronger communities and promoting inclusion by partnering directly with individuals in those communities to achieve their plans. Fifth Third\u2019s Empowering Black Futures Neighborhood program effort has five key goals: to create equitable connected systems; improve upward mobility among residents; build inclusive civic infrastructure; promote prosperous small businesses; and develop healthy built environments.<\/p>\n<p>\n\u201cWe\u2019ve been intentional about working with our community stakeholders over the past several years,\u201d said Jada Grandy-Mock, senior vice president and chief community impact officer. \u201cThese partnerships have enabled us to pioneer a new model for how we create pathways for economic mobility in low-to-moderate income areas. It\u2019s not just about capital infusion, products and services, but about making connections and bringing the right partners to the table. We\u2019re excited about having a report of sharing our impact in the community across our footprint.\u201d<\/p>\n<p>\nFifth Third collaborated with Enterprise Community Partners and key community organizations in each of the neighborhoods to foster implementation of community-driven economic mobility plans.<\/p>\n<p>\n\u201cIt\u2019s been a distinct privilege to work with Fifth Third on their transformative neighborhood program,\u201d said Jacqueline Waggoner, president, solutions division, Enterprise Community Partners. \u201cThis program represents a unique and innovative approach, and they are leading it in every way. It\u2019s not just their significant financial investments that are making a difference. Their local teams are on the ground helping to lead and contribute to the development of sustainable, community-driven solutions.\u201d<\/p>\n<p>\n\u201cWe\u2019re in the business of financing and fostering sound community development,\u201d said Keith Burgess, head, Community Development Banking Group. \u201cBy focusing on our efforts on historically underserved neighborhoods, our work is having a lasting impact on the people and small businesses who are the backbone of healthy communities.\u201d<\/p>\n<p>\nThe nine neighborhoods are: Avondale in Cincinnati, Ohio; South Chicago in Chicago, Illinois; Buckeye in Cleveland, Ohio; East Tampa in Tampa, Florida; Grove Park in Atlanta, Georgia; Arlington Woods in Indianapolis, Indiana; West End in Charlotte, North Carolina; Near East Side in Columbus, Ohio, and Russell in Louisville, Kentucky.<\/p>\n<p>\nTo read the Community Impact Report in full, visit <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&#038;url=http%3A%2F%2Fwww.53.com%2FCIR&#038;esheet=53823059&#038;newsitemid=20231114010661&#038;lan=en-US&#038;anchor=www.53.com%2FCIR&#038;index=2&#038;md5=571890ee6ea2ab5553df3e8e94ce9eba\" rel=\"nofollow noopener\" shape=\"rect\">www.53.com\/CIR<\/a>.<\/p>\n<p>\n<b>About Fifth Third<\/b><\/p>\n<p>\nFifth Third is a bank that\u2019s as long on innovation as it is on history. Since 1858, we\u2019ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it\u2019s one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere\u2019s World\u2019s Most Ethical Companies<sup>\u00ae<\/sup> for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation\u2019s highest performing regional bank, but to be the bank people most value and trust.<\/p>\n<p>\nFifth Third Bank, National Association, is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ<sup>\u00ae<\/sup> Global Select Market under the symbol &#8220;FITB.&#8221; Investor information and press releases can be viewed at <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&#038;url=https%3A%2F%2Fwww.53.com%2Fcontent%2Ffifth-third%2Fen.html&#038;esheet=53823059&#038;newsitemid=20231114010661&#038;lan=en-US&#038;anchor=www.53.com&#038;index=3&#038;md5=502d85a641fdaf21a2b32fa1bd937ab6\" rel=\"nofollow noopener\" shape=\"rect\">www.53.com<\/a>. Deposit and credit products provided by Fifth Third Bank, National Association. Member FDIC.<\/p>\n<p> <b>Contacts<\/b> <\/p>\n<p>\nTiffaney Hardy (Media Relations)<br \/>\n<br \/><a target=\"_blank\" href=\"mailto:tiffaney.hardy@53.com\" rel=\"nofollow noopener\" shape=\"rect\">tiffaney.hardy@53.com<\/a> | 513-534-8039<\/p>\n<p>\nMatt Curoe (Investor Relations)<br \/>\n<br \/><a target=\"_blank\" href=\"mailto:Matt.Curoe@53.com\" rel=\"nofollow noopener\" shape=\"rect\">Matt.Curoe@53.com<\/a> | 513-534-5100<\/p>\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-14451\" data-postid=\"14451\" class=\"themify_builder_content themify_builder_content-14451 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->\n<span class=\"et_bloom_bottom_trigger\"><\/span>","protected":false},"excerpt":{"rendered":"<p>Focus on Creating Economic Mobility, Building Inclusive Infrastructure CINCINNATI&#8211;(BUSINESS WIRE)&#8211;#53better&#8211;Fifth Third Bank, National Association, today announced that its Empowering Black Futures Neighborhood Program has in two years already exceeded the program\u2019s $180 million, three-year commitment. The program has invested $187 million in nine low-to-moderate income neighborhoods that have experienced disinvestment. Fifth Third also is extending [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":14452,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[72],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fifth Third Exceeds $180 Million Commitment to Empowering Black Futures Program, Publishes Inaugural Community Impact Report - ESG Today<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.esgtoday.com\/fifth-third-exceeds-180-million-commitment-to-empowering-black-futures-program-publishes-inaugural-community-impact-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fifth Third Exceeds $180 Million Commitment to Empowering Black Futures Program, Publishes Inaugural Community Impact Report - ESG Today\" \/>\n<meta property=\"og:description\" content=\"Focus on Creating Economic Mobility, Building Inclusive Infrastructure CINCINNATI&#8211;(BUSINESS WIRE)&#8211;#53better&#8211;Fifth Third Bank, National Association, today announced that its Empowering Black Futures Neighborhood Program has in two years already exceeded the program\u2019s $180 million, three-year commitment. 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