STOCK TITAN

CNH Industrial Donates $1 Million To Build New Space for Habitat for Humanity

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
CNH Industrial Donates $1 Million to Build New Space for Habitat for Humanity ReStore - Renovation of a former Piggly Wiggly to expand Racine Habitat's capacity. The 20,000-square-foot building is expected to open as the ReStore in 2024. CNH Industrial Foundation's ongoing partnership with Racine Habitat for Humanity. The donation represents CNH's commitment to empowering local communities and supporting cause initiatives that enact positive change.
Positive
  • None.
Negative
  • None.

NORTHAMPTON, MA / ACCESSWIRE / November 9, 2023 / CNH Industrial

CNH Industrial, through its Foundation, recently donated a $1 million grant to help renovate a former West Racine Piggly Wiggly into the new Racine Habitat for Humanity ReStore. The 20,000-square-foot building is expected to open as the ReStore in 2024.

Rex Hamilton, director of Development and Communications at the CNH Industrial Foundation said, "Racine Habitat for Humanity and the CNH Industrial Foundation are breaking new and historic ground with their ongoing partnership.

"The new ReStore location will allow Racine Habitat's work to expand not only in the size of the store," he added, "but also in its days of operation, and capacity to efficiently serve both the shopper and donor with first-class hospitality.

"While our retail operation will see changes, our mission remains the same," Hamilton said. "Our new ReStore will further strengthen our commitment to fuel the construction of new, affordable homes from the revenue generated from sales.

John Crowell, CNH Industrial Foundation President, added his thoughts on the significance of this project, "Racine is a very special community for the CNH Industrial family," Crowell said.

"Given the company's continued robust volunteerism with Racine Habitat for Humanity, and the CNH Industrial Foundation's dedication over the years to supporting this cause and the mission of Habitat organizations across North America, this is a proud moment," he said. "We are excited to support this project to help drive long-term impact and community wellbeing in Racine for years to come."

Racine Habitat has been in operation since 1987, recently building and selling its 110th habitat home. A solid and growing partnership with CNH and the CNH Industrial Foundation has existed for several years. This donation is representative of the company's commitment to empowering local communities and supporting cause initiatives that enact positive change.

This donation is representative of CNH's commitment to empowering local communities and supporting cause initiatives that enact positive change.

View additional multimedia and more ESG storytelling from CNH Industrial on 3blmedia.com.

Contact Info:
Spokesperson: CNH Industrial
Website: https://www.3blmedia.com/profiles/cnh-industrial
Email: info@3blmedia.com

SOURCE: CNH Industrial



View source version on accesswire.com:
https://www.accesswire.com/801889/cnh-industrial-donates-1-million-to-build-new-space-for-habitat-for-humanity

FAQ

What did CNH Industrial donate to help renovate a former West Racine Piggly Wiggly building?

CNH Industrial donated a $1 million grant to help renovate the building into the new Racine Habitat for Humanity ReStore.

When is the new ReStore expected to open?

The 20,000-square-foot building is expected to open as the ReStore in 2024.

What is the significance of the ongoing partnership between CNH Industrial Foundation and Racine Habitat for Humanity?

The ongoing partnership is breaking new and historic ground, allowing Racine Habitat's work to expand in size, days of operation, and capacity to serve both shoppers and donors with first-class hospitality.

What is the significance of the donation in relation to CNH Industrial's commitment to local communities?

The donation represents CNH's commitment to empowering local communities and supporting cause initiatives that enact positive change.

CNH INDUSTRIAL N.V.

NYSE:CNHI

CNHI Rankings

CNHI Latest News

CNHI Stock Data

14.40B
1.26B
29.75%
65.46%
2.45%
Farm & Heavy Construction Machinery
Construction Machinery & Equip
Link
United States of America
LONDON,