CHARTER LAUNCHES SPECTRUM COMMUNITY ASSIST INITIATIVE IN 20 NEW MARKETS IN 2022

Rhea-AI Summary

Charter Communications has announced a $30 million philanthropic initiative aimed at revitalizing community centers and supporting job training programs over the next five years. The Spectrum Community Assist program will launch in 20 new markets this year, including rural areas like Missoula, MT and Somerset County, ME, as well as urban locations such as Dallas and New York. The initiative aims to enhance job training opportunities and provide essential services to underserved communities.

Positive

• Investment of $30 million in community centers and job training programs.
• Launch of Spectrum Community Assist in 20 new markets, enhancing community engagement.
• Partnership with nonprofit Jobs for the Future to identify and support local community centers.

Negative

• None.

Charter's $30 Million Philanthropic Program will Invest in 100 Community Centers and Local Job Training Programs over Five Years

New Community Investments Aimed at Rural Areas, including Missoula, MT, and Somerset County, ME, and Cities including Dallas, Milwaukee and New York

STAMFORD, Conn., April 4, 2022 /PRNewswire/ -- Charter Communications, Inc. today announced it will launch Spectrum Community Assist programs in 20 new markets this year, adding momentum to the company's $30 million, five-year philanthropic initiative to revitalize 100 community centers and invest in job training programs in underserved communities across its 41-state footprint.

Charter launched Spectrum Community Assist last fall with rebuilding events in St. Louis, Charlotte, Orlando, South Glens Falls, NY, and Stamford. In 2022, the company will significantly grow the program's reach with revitalization projects and support for job training in markets located in 14 states. Areas targeted for Spectrum Community Assist investment include rural programs in Missoula, MT; Kearney, NE; Oconee County, SC; and Somerset County, ME; and community centers in urban locations including Dallas, Denver, Los Angeles, Milwaukee and New York, among others.

"There is an acute need in underserved neighborhoods nationwide for the career development and social support that local community centers provide," said Rhonda Crichlow, Senior Vice President and Chief Diversity Officer for Charter. "Charter is committed to investing in the communities we serve, and Spectrum Community Assist will make a difference by directly supporting centers and organizations that provide critical services to help local residents build the skills that will enable them to improve their financial condition and increase the economic impact on the community."

Charter has partnered with national nonprofit organization Jobs for the Future (JFF) to identify community centers in the areas selected for Spectrum Community Assist programs. Charter will invest in each center's job training efforts with cash grants and in-kind contributions, improve physical classroom spaces and provide new equipment, including laptops and furniture. Additionally, because broadband is a critical component of a community center's infrastructure, Charter will offer each community center its advanced 1 gigabit internet service. Finally, Charter will sponsor revitalization events with employee and community volunteers to repair and enhance the physical buildings.

Spectrum Community Assist 2022 Markets
CALIFORNIA: Antelope Valley, Los Angeles, Salinas
COLORADO: Denver
FLORIDA: Palm Coast
HAWAII: Oahu
MAINE: Somerset County
MINNESOTA: Duluth
MONTANA: Missoula
NEBRASKA: Kearney
NEW YORK: Buffalo, New York City
NORTH CAROLINA: Fayetteville
OHIO: Cleveland, Columbus
SOUTH CAROLINA: Bamberg, Oconee County
TEXAS: Dallas, San Antonio
WISCONSIN: Milwaukee

More information on Charter's philanthropic initiatives, including Spectrum Community Assist, is available here.

About Charter
Charter Communications, Inc. (NASDAQ:CHTR) is a leading broadband connectivity company and cable operator serving more than 32 million customers in 41 states through its Spectrum brand. Over an advanced communications network, the company offers a full range of state-of-the-art residential and business services including Spectrum Internet®, TV, Mobile and Voice.

For small and medium-sized companies, Spectrum Business® delivers the same suite of broadband products and services coupled with special features and applications to enhance productivity, while for larger businesses and government entities, Spectrum Enterprise provides highly customized, fiber-based solutions. Spectrum Reach® delivers tailored advertising and production for the modern media landscape. The company also distributes award-winning news coverage, sports and high-quality original programming to its customers through Spectrum Networks and Spectrum Originals. More information about Charter can be found at corporate.charter.com.

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SOURCE Charter Communications, Inc.

FAQ

What is the Spectrum Community Assist initiative by Charter?

The Spectrum Community Assist initiative is a $30 million philanthropic program by Charter to revitalize community centers and support job training in underserved markets.

How much is Charter investing in community programs?

Charter is investing $30 million over five years through the Spectrum Community Assist initiative.

Which markets will benefit from Charter's philanthropic initiative?

The initiative will launch in 20 new markets, including cities like Dallas, Milwaukee, and New York.

What are the goals of Charter's community investments?

Charter aims to enhance job training opportunities and provide critical services through community centers in underserved areas.

Who has Charter partnered with for the Spectrum Community Assist program?

Charter has partnered with the nonprofit organization Jobs for the Future to help identify community centers for support.