Banks Unite to Support Cleveland Neighborhood Revitalization
“This is not charity, it’s business,” said Clarke. “To be the city we aspire to be, we must invest in growth and bring jobs to all of our neighborhoods, because truly, neither Key, nor our peer banks, nor the city can prosper unless everyone prospers.”
Clarke noted that Key’s participation in the mayor’s initiative stems from its ongoing commitment to Cleveland. Between the KeyBank Foundation and the company itself, Key has donated or directly invested more than $100 million into the community over the past 10 years, and invested more than $250 million in affordable housing over the past five years. More recently, Key has committed to support University Circle’s NextStep program and the Urban League’s Capital Access Fund.
“Progress is only possible through leadership. It’s not made in isolated pockets; it must be part of a collaborative, coordinated plan,” said Clarke.