BB&T awards $450K in grants to two Lancaster County programsBank has given $6 million in grants from economic growth fund since 2015
Elizabethtown College and SouthEast Lancaster Health Services are the newest recipients of grants from BB&T's economic growth fund.
The bank created the fund in partnership with the Lancaster County Community Foundation in 2015, around the same time that it broke into the Lancaster market with its acquisitions of Susquehanna and National Penn banks.
BB&T has since given $6 million in grants to organizations that support career-training efforts in the county. That amount includes $350,000 awarded to Elizabethtown College for its local business support programs and $100,000 to SouthEast Lancaster Health Services for an employee training program, BB&T and community officials said Thursday.
Other recipients of the grants over the years have included the Lancaster Chamber of Commerce & Industry, which received $1.5 million for its new headquarters, and Community First Fund, which was awarded $1 million for a program to help low- and middle-income residents access business capital.
Eleven organizations overall have received economic growth fund grants over the past two years.
"The effects of this will be felt far and wide," Lancaster Mayor Rick Gray said Thursday. "BB&T has shown how businesses can help communities like Lancaster thrive and grow."