Wells Fargo has joined into Baltimore City’s revitalization initiatives. The bank has issued a $500,000 grant to help Jubilee Baltimore get active in implementing a plan to rejuvenate 6 city neighborhoods. This is part of the Central Baltimore Partnership ongoing “Front and Center Plan.”
The “Front and Center Plan” addresses issues related to youth and family, employment, community health and, of course, housing needs in neighborhoods facing economic challenges. The current 6 target neighborhoods are Charles North, Greenmount West, Barclay, Old Goucher, Remington, Charles Village and Harwood.
Why Wells Fargo? Wells Fargo (NYSE: WFC) is Baltimore’s 4th largest bnk and holds $7.19 billion in local deposits, according to the Federal Deposit Insurance Corp. They’re a major city employer and are taking a vested interest in the city’s growth.
The grant helps to mainly address social issues like health, workforce development, senior housing upgrades, and professional development for youth.
Non-profit developer Jubilee Baltimore helped create the Front and Center Initiative and is playing a leading role in bringing the plan to fruition.