Banks & Business
Banks and Businesses have an immense impact on the strength and vibrancy of a community. Economic opportunity is essential for successful neighborhoods. Whether its community investment, volunteerism, private lending, or employment, the private sector impacts neighborhoods in numerous ways. We look forward to partnering with the private sector to build great places for people to live and work. We hope you will find this page a resource for news, research, best practices, and policy recommendations regarding how the private sector impacts neighborhood improvement.
Policy Recommendations for Banks & Business
Working with banks and businesses throughout our region, we hope to partner on policy changes that improve our collective ability to foster great neighborhoods. To open the conversation, below are some potential ways we believe the bank and business community could improve St. Louis’ regional community building system.
- Explore mutually beneficial partnerships between community building nonprofits and private sector organizations, such as Regional Chamber and Growth Association, Civic Progress, and Leadership Council Southwestern Illinois
- Encourage business start ups and business relocations to align themselves with neighborhood revitalization plans
- Increase funding to RHCDA’s Regional Neighborhood Support Collaborative program
- Increase communications among bankers and community development nonprofits through regular meetings between the St. Louis Metropolitan CRA association and the CBN Executive Committee
- Market and promote neighborhoods in the St. Louis region, develop partnerships between community development nonprofits and real estate and business development associations such as Home Builders Association, St. Louis Associated General Contractors, St. Louis Association of Realtors, Missouri Growth Association, St. Louis Equity Fund, Regional Business Council, and the St. Louis Convention and Visitors Bureau(example organizations:)
- Encourage businesses to fund community building nonprofits, especially for capacity building