Posted inNews, Regional

Grants of up to $5,000 available to cultural, community service programs from Nicor Gas

Starting May 1, 501(c)(3) designated nonprofits may apply for grants from Nicor Gas to support their cultural and community service initiatives. Applications are available at www.NicorGas.com/CharitableGiving through July 31, with funding decisions made by September 30. Selected nonprofits and community organizations are eligible to receive up to $5,000 in grant funds this year. 

Posted inBusiness

Over 80 groups tell federal regulators Key Bank broke $16.5 Billion promise 

The Community Reinvestment Act of 1977 (CRA) was supposed to be a financial yardstick that measured whether depository institutions were meeting local community credit needs in low-to-moderate income communities (LMI). Over the ensuing four decades, what federal regulators have ranked as ‘outstanding performance’ has had little or no relation to the nagging and persistent financial frustrations experienced by the communities some banks were supposed to serve.  

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