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First National Bank of Omaha awards $880,000 in Community Development Grants

First National Bank of Omaha has awarded $880,000 in community development grants to 47 organizations in Nebraska, Iowa, Colorado, Illinois, Kansas, South Dakota and Texas.

The grants support programs related to affordable housing and neighborhood stability, as well as entrepreneurship and small business development.

Grants for affordable housing and neighborhood stability programs will enable FNBO’s community partners to build, rehabilitate or finance about 550 homes across the bank’s seven-state footprint. Grants supporting entrepreneurship and small business development initiatives will create or retain about 2,160 jobs.

In Illinois, FNBO awarded $70,000 in community development grants to six organizations. Grants supporting affordable housing and neighborhood stability programs include:

• $10,000, Habitat for Humanity of DeKalb County (DeKalb): supports housing construction in the DeKalb area.

• $10,000, Habitat for Humanity of Boone County (Belvidere): supports housing construction in the Belvidere area.

• $15,000, Fox Valley Habitat for Humanity (Aurora): supports housing construction in the Aurora area.

Grants supporting entrepreneurship and small-business development initiatives in Illinois include:

• $15,000, Fox Valley Entrepreneurship Center (Batavia): provides funding for a 90-day business accelerator program.

• $10,000, Waubonsee Community College Small Business Development Center (Sugar Grove): provides bilingual advisory services to Spanish-speaking entrepreneurs and small businesses.

• $10,000, Accion Chicago: provides financial training and resources to entrepreneurs in Boone, Kane, DeKalb and Kendall counties.

For information, visit fnbo.com/community.

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