Governor Raimondo Announces $8 Million Central Providence Opportunities Initiative

Governor Gina M. Raimondo announced that Rhode Island has been awarded an $8 million, 24-month grant to implement Central Providence Opportunities – a place-based initiative to increase social and economic mobility for residents of the 02908 and 02909 zip codes, and then scale these strategies statewide. The pilot initiative, set to commence next month, brings together the Governor’s office, state agencies, the Rhode Island Foundation, and ONE Neighborhood Builders.

The pandemic has further exacerbated and laid bare the degree to which a resident’s zip code determines economic, health and education outcomes. The Central Providence area, including the Olneyville, Hartford, Manton, Silver Lake, Valley, Federal Hill, Smith Hill, Elmhurst and Mount Pleasant neighborhoods, has been one of the areas hardest hit by COVID-19 in Rhode Island.

The Central Providence Opportunities will be led by ONE Neighborhood Builders. As the leader of this initiative as well as the Central Providence Health Equity Zone, ONE Neighborhood Builders will convene community partners and residents and ensure the focus remains on addressing health disparities through systems change and policy reform. The grant will fund strategies to increase economic security and opportunity for residents of Central Providence, and across the state. Included is a $1 million investment in Rhode Island’s Health Equity Zones, which will provide infrastructure to implement lessons learned statewide. The remaining funds will be invested in organizational capacity building, project oversight and evaluation, and direct investments in:

• Growing and sustaining community capacity;
• Increasing affordable housing;
• Improving leading indicators leading to 3^rdgrade reading; and
• Advancing workforce and business development outcomes – with a focus on minority-owned businesses.

Blue Meridian Partners has made a two-year investment in the Central Providence Opportunities initiative. The investment will be managed by the Rhode Island Foundation, and leveraged by tapping into new and existing state-level resources. The Foundation will serve as the fiscal sponsor, supporting the initiative anchored by ONE Neighborhood Builders, the Governor’s office and state agencies, and working in partnership with both to invest the funds within the identified priority areas. The Foundation will also provide technical assistance aimed at building toward a plan to scale impact statewide.