STOCK TITAN

Northern Illinois Community Initiatives Delivers $700,000 in Impact Grants to Bolster Local Economies

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Northern Illinois Community Initiatives (NICI) has awarded $700,000 in Impact Grants to seven nonprofits in Rockford, Joliet, and South Suburban Cook County. These grants aim to boost economic mobility, commercial development, and small business support in underserved communities within Nicor Gas' service areas.

Founded in 2021 by Nicor Gas with a $20 million endowment from Southern Company Gas (SO), NICI's mission is to attract investment and connect resources to these communities. Each selected nonprofit will receive a $100,000 grant to support various economic and workforce development programs.

The Impact Grants are part of NICI's broader initiative to create opportunities and foster economic prosperity in areas that need it most. Community leaders have welcomed these grants, recognizing their potential for transformative change in their respective regions.

Positive
  • None.
Negative
  • None.

Funding assists economic mobility, commercial development and small business support projects in Northern Illinois

NAPERVILLE, Ill., July 15, 2024 /PRNewswire/ -- Seven nonprofits in Rockford, Joliet and South Suburban Cook County will receive $700,000 in grants from Northern Illinois Community Initiatives (NICI). Part of NICI's Impact Grants program, these donations will provide bridge funding for economic and workforce development, as well as community revitalization programs.

The grants build upon NICI's mission to attract investment, mobilize partners and connect vital resources to underserved communities in Nicor Gas' service areas. NICI was founded in 2021 by Nicor Gas through a $20 million endowment from its parent company, Southern Company Gas.

Each of the selected nonprofit organizations will receive a $100,000 grant:

  • YWCA Northwestern Illinois - Rockford
  • Think Big! - Rockford
  • Harvey Brooks Motivation & Development Foundation - Joliet
  • Proactive Community Services - Flossmoor
  • Southland Development Authority - Tinley Park
  • OAI, Inc. - Park Forest
  • TREND Community Development Corporation - Olympia Fields

"NICI is dedicated to creating opportunities and paving the way for economic prosperity in the communities that need it the most," said Tovah McCord, NICI executive director. "Our Impact Grants will serve as a catalyst for positive change, empowering organizations that share our vision for a brighter economic future."

The Impact Grants have been met with enthusiasm and optimism by community leaders who recognize the potential for transformative change that these funds represent.

"What excites us is that NICI recognizes and appreciates that The Harvey Brooks Foundation has been working in the Joliet community since 1998, over 25 years, providing an array of scholastic, motivation and life-skill development programs for youth and their families to become more productive individuals," said Melvin Leach, business & community liaison of the Harvey Brooks Motivation & Development Foundation.

NICI's Impact Grants are one of several programs aimed at improving economic mobility for historically marginalized groups. To learn more about how NICI executes upon its mission to build a stronger region through bold economic development initiatives, visit nici-il.org.

About Northern Illinois Community Initiatives (NICI)
Northern Illinois Community Initiatives is a foundation established by Nicor Gas in 2021 to deepen its commitment to underserved communities. NICI invests in organizations that are doing transformative work that fosters the economic mobility of historically marginalized groups. Through our grant portfolio and small business program, we strive to be a dedicated champion of economic opportunity. NICI takes a place-based approach to ensure funding goes where it is needed most. We provide multi-year commitments to our prioritized communities and seek to collaborate with local stakeholders to leverage our impact. For more information, visit nici-il.org.

About Nicor Gas
Nicor Gas is one of four natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Nicor Gas serves more than 2.3 million customers in a service territory that encompasses most of the northern third of Illinois, excluding the city of Chicago. For more information, visit nicorgas.com.

Cision View original content:https://www.prnewswire.com/news-releases/northern-illinois-community-initiatives-delivers-700-000-in-impact-grants-to-bolster-local-economies-302197072.html

SOURCE Nicor Gas

FAQ

How much did Northern Illinois Community Initiatives (NICI) award in Impact Grants in 2024?

NICI awarded $700,000 in Impact Grants to seven nonprofits in Northern Illinois in 2024.

Which areas will benefit from NICI's Impact Grants?

The Impact Grants will benefit nonprofits in Rockford, Joliet, and South Suburban Cook County.

How much will each selected nonprofit receive from NICI's Impact Grants?

Each selected nonprofit will receive a $100,000 grant from NICI's Impact Grants program.

When was Northern Illinois Community Initiatives (NICI) founded and by whom?

NICI was founded in 2021 by Nicor Gas through a $20 million endowment from its parent company, Southern Company Gas (SO).

What is the main purpose of NICI's Impact Grants?

The main purpose of NICI's Impact Grants is to provide funding for economic mobility, commercial development, and small business support projects in underserved communities.

The Southern Company

NYSE:SO

SO Rankings

SO Latest News

SO Stock Data

96.76B
1.10B
0.16%
70.95%
1.74%
Utilities - Regulated Electric
Electric Services
Link
United States of America
ATLANTA