Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
BMO Pledges $5B to Advance Inclusive Recovery
Chicago-based BMO Financial Group on Tuesday announced BMO EMpower, pledging $5 billion over the next five years to address key barriers faced by minority businesses, communities and families and advance inclusive economic recovery in the U.S.
The multi-year plan will be unveiled at a virtual event hosted by BMO on Nov. 12 and including a panel discussion with Chicago Mayor Lori Lightfoot and Magic Johnson, among others. The event will focus on the role public-private partnerships play in advancing racial and economic equity.
“The barriers that disproportionately affect minorities—and in particular, Black and Latinx communities—have only intensified during the COVID-19 pandemic,” said David Casper, U.S. CEO, BMO Financial Group. “The bold commitments outlined in this pledge are designed to help tackle barriers to inclusion in the financial services industry and create more opportunity for our clients, communities and colleagues to succeed in business and in life.:
For comments, questions or concerns, please contact Paul Bubny
- ◦Economy
- ◦Financing
