![]() ![]() USI supports communities while working with partners to develop economic opportunities, cradle-to-college/career success, high quality health services and a range of comprehensive service supports. is a national nonprofit leader with extensive experience in implementing results-based human capital development strategies in communities that are undergoing physical revitalization. USI has 45 years of experience working with families focused on personal and neighborhood equity and justice, ensuring all children and families can become stable and thrive.įounded in 1978, Urban Strategies, Inc. Through this partnership, USI and Truist Foundation seek to affect the root causes that hinder inclusivity and ultimately prevent families from thriving. ![]() Our partnership is an example of how we live our purpose to inspire and build better lives and communities." ![]() "USI CDFI understands the obstacles that entrepreneurs in communities experiencing revitalization face and provides tailored solutions. "Truist is committed to supporting pathways for underserved, minority-owned small businesses and entrepreneurs to access capital and receive critical training to help achieve stability and long-term success," said Ransom. USI's CDFI seeks to address this inequity by propelling entrepreneurs to prosperity and economic liberation - creating middle-income, wealth-generating jobs and businesses. Minority businesses continue to encounter structural obstacles when trying to access the resources, expertise and markets needed for growth. ![]() "The USI CDFI seeks to dismantle persistent barriers to social mobility and this partnership with Truist Foundation allows us to begin this important work." "The USI CDFI is excited to elevate our support of children and families in the Norfolk community as we collaboratively address the racial wealth gap through strategic partnerships and funding that provides the much-needed capital and financial services to Black, Latine, and Indigenous borrowers in community revitalization areas," said Shin. Truist Financial Virginia Regional President Thomas Ransom joined USI's president Esther Shin to formally announce the grant during a celebration launch event at Black BRAND in Norfolk. "By providing a loan fund and training support for small businesses in under-resourced communities, USI is serving as a bridge to capital, ultimately helping to close the wealth inequity gap." "Strengthening the small business ecosystem by eliminating structural barriers to growth is one of our core focus areas at Truist Foundation," said Lynette Bell, president of Truist Foundation. Truist Foundation and the USI CDFI will create an equitable loan fund and application system to attract, support and fund historically excluded communities in the three cities, equipping them with the credit, knowledge and tools to start, grow and sustain their businesses. USI will use the funding to support its community development financial institution (CDFI) in establishing a bridge to capital and wealth creation for women- and Black-, Latine- and Indigenous-owned small businesses in Norfolk, Baltimore, Maryland, and Ft. (USI), a national nonprofit that focuses on the design and implementation of human capital development strategies in communities undergoing physical revitalization across the U.S. NORFOLK, VA / ACCESSWIRE / J/ Today, Truist Foundation announced a $1.5 million grant to Urban Strategies Inc. ![]()
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