Won’t You Be My (Green) Neighbor?
by Joel on April 20th, 2010
One of the sad truths about urban life is that we often do not know our neighbors well. Yet, our neighbors are working diligently to make our neighborhoods better places to live and work!
Each Earth Day, ShoreBank recognizes one of the unsung heroes in our community by presenting an award to a customer that exemplifies ShoreBank’s approach to sustainable development. Deemed “The Green Neighbor Award,” recipients are nonprofit organizations that promote environmental sustainability in urban neighborhoods, while also catalyzing job growth, community empowerment, and economic inclusion.
This year’s winner is the Resource Center, a nonprofit offering recycling services to neighborhoods throughout the city. Led by long-time Executive Director, Ken Dunn, the organization has pioneered ways to transform trash into economic opportunity for low wealth communities.
To use the organization’s own words, “For 35 years, the Resource Center, a non-profit environmental education organization, has led the way in demonstrating innovative techniques for recycling and reusing materials. Too often in the urban setting, abundant and important resources are wasted. In our recovery work we aim to reverse waste and to improve the quality of life for urban dwellers. We have been devoted from the beginning to the economic and educational revitalization of city neighborhoods through recycling, urban gardening, composting, and other programs that reclaim and reuse resources.”
But, as Earth Day’s 40th anniversary approaches, it is also important to realize how important ShoreBank’s (and your) support is to our green neighbors. When Resource Center needed a working capital loan, following a collapse in the price of aluminum, paper, and glass, it had few alternatives. As a nonprofit, it was ineligible for an SBA loan or any of the other governmental loan programs that support lending to small businesses. ShoreBank, however, offers a novel lending program that enabled the Resource Center to obtain the necessary financing, preserving 23 green collar jobs and ensuring that 14,000,000 pounds of waste continued to be recycled annually.
With commodity prices now largely recovered, the Resource Center is again expanding its services, adding to its payroll, and helping to grow the green (neighborhood) economy. Thanks to green neighbors like the Resource Center, Earth Day is sure to be a beautiful day in the neighborhood.
Tags: environmental sustainability, green banking, green jobs, green neighbor award, recycling tactics, urban gardens
Shorebank is great bank that has a heart and knowledge about what it takes to grow communities and invest in people. It has invested where others were afraid to go. It has saved and grown businesses and neighborhoods all over the world.Depositors and borrowers should do business with shorebank. You will do” well “and “good ” bob j nash
Thank you, Bob!