Bmo community benefits plan

bmo community benefits plan

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Stories of Progress: BMO partnering with women-owned Indigenous businesses
About $ billion will go toward community development loans, investments and other support for underserved communities, the bank said �. BMO EMpower is our more than. $40 billion community benefits plan to address key barriers faced by minority businesses, communities and families in the. The plan reinforces BMO's focus on increasing home ownership and supporting the growth of small businesses in low-to-moderate income (LMI) neighborhoods and.
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The acquisition remains subject to regulatory approval and other customary closing conditions. This agreement accomplishes this through increased investment and services in LMI communities and communities of color and increased lending to BIPOC-owned small businesses. It also strengthens these communities through investments and lending to support affordable housing and economic development as well as philanthropic giving. The new plan continues and expands on the progress by both BMO and Bank of the West to promote economic growth and provide greater access to capital for all. Over the last year, CRC has negotiated similar community benefits agreements with U.