KeyBank Foundation Invests $1.25 Million to Support Workforce Development, DEI and Education in Northeast Ohio

by Jacob Solomon Feb 6, 2023 News
KeyBank Foundation Invests $1.25 Million to Support Workforce Development, DEI and Education in Northeast Ohio

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The KeyBank Foundation is investing a total of $1,250,000 in seven non-profit organizations in Northeast Ohio. KeyBank is committed to investing $40 billion in the communities it serves.

"Cleveland is KeyBank's hometown and we have a long history of supporting organizations here and in all of the communities we serve," said Kelly Lamirand, KeyBank Cleveland Market President. Through workforce training, financial education and economic development, these grants will make our communities stronger.

The organizations receiving funding have something in common.

The Cleveland Development Advisors Community Reinvestment Fund is a non profit organization.

Cleveland Development Advisors is a real estate affiliates of the Greater Cleveland Partnership. The mission of the organization is to promote inclusive and thriving neighborhoods in northeast Ohio by providing innovative financing solutions and technical assistance.

Funding will support the Equitable Development Ecosystem Collaborative, which will provide greater access, increased efficiency, and long-term success for developers of color. The EDEC will bring together industry leaders and stakeholders in order to address industry wide challenges faced by developers of color. The expectation is that the EDEC can come up with a plan to address these challenges.

The Urban League of Greater Cleveland is located in Cleveland.

The mission of the Urban League of Greater Cleveland is to enable African Americans and other minority members to develop and exercise their potential on par with all other Americans.

The UBIZ Program makes capital and technical assistance readily available to high potential African American small businesses who have challenges getting a traditional small business loan. The capital pilot program resulted in the establishment of UBIZ. There is a persistent challenge of African American and other disadvantaged small businesses in accessing capital to adequately grow their businesses.

Boys and girls clubs in Northeast Ohio.

The mission of the Boys & Girls Clubs of Northeast Ohio is to inspire and enable the young people who need us most to reach their full potential. It's a great place for kids to go after school. Academic achievement, healthy lifestyles and character development are some of the focuses of the clubs. The club's youth development professionals offer arts, athletics and homework assistance.

The Career Readiness certificate program helps prepare teens to complete high school and enter post-secondary education or a job, as part of a plan that leads to a fulfilling, family-sustaining career with opportunities for advancement. The time youth spend at their neighborhood club will be used to promote equity and reduce barriers.

The college is called Ursuline.

The mission of the college is to transform students for service, leadership, and professional excellence The College offers undergraduate and graduate programs that foster lifelong learning and personal wisdom in an environment characterized by Catholic and Ursuline heritage.

The funds will be used to support the College's Master of Medical Science Physician Assistant Program, as well as to relieve workforce shortages among local health systems. The goal of this effort is to give Physician Assistant students from all walks of life the skills and knowledge to be culturally competent clinicians, improve experiences for patients, and reduce health and health care disparity.

Friends of the school.

The academic environment at The Ginn Academy is supported by the Friends of Ginn Academy.

The Youth Support staff at The Ginn Academy will be helped by this grant. There is a link between home and school. The Youth Support Staff is on call 24 hours a day, seven days a week, and is responsible for charting and monitoring attendance, academics and social-emotional behavior of their cohort of 25 students. They are important to the success of urban males in high school and college.

The year in the city.

The mission of City Year is to build democracy through citizen service. To fulfill the mission, it focuses on improving education outcomes with the goal of helping all students graduate from high school. In order to reach this goal, City Year has enlisted highly motivated young adult AmeriCorps members to serve as student success coaches in schools. City Year AmeriCorps members come from diverse ethnic, educational, and socio-economic background to engage in a year of full-time service.

The implementation of the Whole School, Whole Child model in Cleveland schools will be supported by funding. In the Cleveland Metropolitan School District, City Year Cleveland serves in three schools: A.B. Hart Elementary, Harvey Rice Wraparound and one campus. Teams of AmeriCorps members ages 18 to 25 commit a year of full-time national service as tutors, mentors and "near peer" role models in our partner schools. They create lasting impacts on students' lives by providing individual and whole school supports in the areas of learning and development that have the greatest impact on graduation rates and long term success outcomes.

The club of Cleveland.

One of the oldest free speech forums in the US is the City Club of Cleveland. Presidents from Ronald Reagan to Barack Obama have addressed the City Club.

The City Club's commitment to diversity is supported by funds. The City Club's new home will increase capacity to more than 300 people. Digital production upgrades that will allow the City Club to provide more access to its events and forums will create opportunities for those who can't attend in person.

KeyBank has invested more than a billion dollars in Northeast Ohio through its National Community Benefits Plan.

Keybank is about.

KeyBank's roots go back over 200 years to Albany. KeyCorp is one of the nation's largest bank-based financial services companies with assets of $189.8 billion at the end of the year. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states through a network of approximately 1,000 branches and 1,300 ATMs. Under the KeyBanc Capital Markets trade name, Key provides a wide range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndicated loans and derivatives to middle market companies in selected industries throughout the United States. You can find more information at Keybank is insured by the Federal Deposit Insurance Corporation.

KeyBank, Monday, February 6, 2023, Press release picture
KeyBank, Monday, February 6, 2023, Press release picture

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KeyBank Foundation invests 125 million to support workforce development and education in Northeast Ohio.

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