Senior Content Marketing Manager
Mission Economic Development Agency
(415) 282-3334 ext. 152
FOR IMMEDIATE RELEASE
May 18, 2016
MEDA Selected by Citi Foundation’s Community Progress Makers Fund Grant Program to Accelerate Economic Opportunity
San Francisco-based Community Progress Maker Joins Leading Nonprofit Organizations Across the United States to Address Urban Challenges Ranging from Affordable Housing to Environmental Sustainability and Infrastructure
San Francisco, Calif. — The Mission Economic Development Agency (MEDA) announced today that it has been selected as a recipient of the Community Progress Makers Fund, a $20 million grant initiative to support 40 visionary nonprofit organizations in their efforts to establish new approaches to longstanding urban economic challenges in the United States – including economic development, environment sustainability, urban infrastructure and affordable housing.
As part of the program, MEDA will receive a core operating support grant of $500,000 over the course of two years to continue its work in the Mission around building community capital. This new injection of funds will help bolster existing initiatives while supporting MEDA’s newest programs, Adelante Fund and the Community Real Estate program. In addition to the grant, MEDA will also have access to technical assistance from leading national researchers and experts and will be provided opportunities to connect with other grantees to share and learn best practices.
“MEDA is truly grateful for Citi’s belief in our work in the Mission community. Support like the Community Progress Makers Fund allows us to continue to make an impact, and ensures that the Mission District remains a neighborhood where low- and moderate-income Latino families can thrive,” stated MEDA Executive Director Luis Granados.
“The Citi Foundation feels privileged to support organizations that have demonstrated such strong commitments to their local communities and a willingness to share their experiences with others for the betterment of their neighborhoods,” said Brandee McHale, President of the Citi Foundation. “These organizations have a track record of implementing solutions that work for their communities because they know the people there, understand what resources to tap and, most importantly, feel deeply invested in the places where they live and work. We believe that’s the key to leading urban transformation efforts in San Francisco and elsewhere across the country.”
The Community Progress Makers Fund builds upon the Citi Foundation’s commitment to identify and support innovative solutions and organizations that are helping build stronger, more resilient cities that are engines of economic opportunity for all. The flexibility of core operating support will allow organizations and their visionary leaders to deploy solutions that address a range of issues.
About Mission Economic Development Agency (MEDA)
Rooted in the Mission and focused on San Francisco, MEDA’s mission is to strengthen low- and moderate-income Latino families by promoting economic equity and social justice through asset building and community development. medasf.org
About the Citi Foundation
The Citi Foundation works to promote economic progress and improve the lives of people in low-income communities around the world. We invest in efforts that increase financial inclusion, catalyze job opportunities for youth, and reimagine approaches to building economically vibrant cities. The Citi Foundation’s “More than Philanthropy” approach leverages the enormous expertise of Citi and its people to fulfill our mission and drive thought leadership and innovation. citifoundation.com