2016-2017 Annual Report

CITIGROUP

Citigroup’s support of FIU encompasses their true belief in the university, as the company’s support branches into multiple facets that help make FIU a solution-centered institution that seeks to make a difference in the community. FIU is committed to how the university can best utilize existing resources for the community’s bene t. Kathryn Chase, US Head of Small Business & Merchant Services Managing Director, has stated, “As an anchor institution, FIU understands that it isn’t just an institution for higher education, it is a member of the community with deep roots in every part of South Florida — in our business community, cities, the non-pro t ecosystem and residents.” The university has provided Citigroup with a road map to further engage in community development, while Citigroup provides FIU with the backing to expand beyond our closest reach.

In conjunction with the Chaplin School of Hospitality & Tourism Management, the Citi Foundation and StartUP FIU, StartUP FIU Food was established to help new food and beverage entrepreneurs expand their companies. This incubator utilizes the Chaplin School’s cutting-edge kitchen in addition to experts from StartUP FIU and the College of Business’ Small Business Development Center to offer space, assistance and mentorship for aspiring entrepreneurs. FIU Food grants stability and access to the food and beverage market. The support from the Citi Foundation made this ambitious endeavor possible and because of this contribution, FIU has been able to align the university’s resources to promote community growth.

As a response to increased imbalances in income and prosperity in Miami- Dade County, FIU’s Metropolitan Center, in partnership with Citi Community Development, launched a “Prosperity Agenda for Miami-Dade,” a research- based community action plan which notes trends and challenges that affect Miami-Dade County’s economic landscape while providing direction for action. Citi’s commitment to the university’s community efforts also includes an Inclusive Enterprise Series, through collaboration with Village Capital and FIU, which assists in eliminating the opportunity gap for women and minority entrepreneurs who are dealing with challenges in financial inclusion, health and education. The support of Citigroup carries forward into Veteran and Military Affairs, as Citi Salutes continues its work with FIU on how to design and implement a college-to-career pathway program for student veterans and for employers that wish to hire veterans.

Chase believes that “through our giving and partnership with FIU, we hope to demonstrate how anchor institutions can have a tangible impact on people’s lives that is not limited to the populations they serve, the student body in the case of a university, but the community as a whole.” Together, FIU and Citi will continue to design and develop solutions for many of our community’s greatest challenges.