Bank helps revitalize Worcester, Mass. with $5 million socially-responsible fund

A local bank is setting up a “socially responsible banking program” exclusively for Worcester, Massachusetts residents, with a $5-million kickstart and hopes to spur community involvement in Worcester’s revitalization.

Officials with Unibank, a Central Massfinancial institution with 13 locations in the Blackstone Valley and Worcester areas, say the Invest Worcester program is their way of giving back to the community.

“We’ve been in Worcester for a few years now, and we’ve always been pretty bullish on Worcester,” Unibank President and CEO Bill Mahoney said. “There’s a lot of potential for economic development. Obviously we want to play a role in that.”

Invest Worcester will focus on three pillars: affordable housing, community development and small business development.

Photo of Worcester’s Hanover Theatre for the Performing Arts by Truthanado via Wikipedia.

See full article by Tom Quinn in Worcester Magazine.

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