First Merchants Bank and NCRC Announce New $2 Billion Community Benefits Agreement to Expand Impact Across the Midwest

First Merchants Bank and the National Community Reinvestment Coalition (NCRC) announced a new $2.02 billion Community Benefits Agreement (CBA), reinforcing the bank’s long-standing commitment to ...
ssir.org

Clarifying Community Benefits to Improve Place-Based Programs

Policymakers around the world are increasingly interested in place-based programs that use tax incentives, zoning regulations, and other measures to promote investment, economic growth, and positive ...
National Academies of Sciences%2c Engineering%2c and Medicine

Empowering Justice 40 Communities: A Workshop on Leveraging Community Benefit Agreements to Support the Department of Energy’s Mandate to Serve Disadvantaged Communities

A Community Benefits Agreement (CBA) is a legally binding contract that is developed as a means to ensure local residents and neighborhoods directly benefit from large development projects or ...
Hartford Business

Nonprofit hospital community benefit spending grows to $2B

The state’s 23 nonprofit hospitals reported spending more than $2 billion on community benefits in fiscal year 2023, a 14.6% increase over the previous year. That’s according to an annual report ...

City Council members seeking public meeting to discuss Spurs' $75 million community benefits promise

Council members Sukh Kaur, Teri Castillo and Marina Alderete Gavito want a discussion about how millions of community dollars ...
Crain's Chicago Business

Are 'community benefit programs' enough to let nonprofit hospitals off the hook for taxes?

Darlene Hightower and her Rush University Medical Center colleague LaDawne Jenkins laid out a map of Chicago's West Side across two folding tables in the recreation hall in Pleasant Grove Baptist ...