The BB&T Economic Growth Fund plans to unveil its first grant today in Lancaster County.
Tec Centro, a bilingual job training center at the Spanish American Civic Association, will receive $1 million from the fund.
BB&T created the $10 million fund when it acquired Susquehanna Bancshares Inc. in September of 2015. The fund was designed to improve the standard of living and economic health of Lancaster County, according to a news release.
The fund is a corporate-advised fund housed at the Lancaster County Community Foundation.
Other nonprofit organizations interested in applying to the fund can attend a free information session at 3 p.m. Jan. 12 at the Ware Center to learn about the application process.
“There will be a competitive process, which means that all sorts of qualified 501(c)s will qualify,” said Tracy Cutler, spokeswoman for the Lancaster County Community Foundation.
A committee of five people review applications and make grant recommendations.
The five are Craig Kauffman, the Central Pennsylvania regional president of BB&T Bank; William J. Reuter, the former chairman and CEO of Susquehanna, who now serves as a BB&T board member; Gerald Eckert, a retired vice president for university advancement at Millersville University; Hale Krasne, a retired attorney; and Diane Poillon, president and CEO of Willow Valley Associates.
Although the BB&T fund is advised by the community foundation, the committee has final say in where the money goes, according to Cutler.
An official announcement of the $1 million grant will be made today at 3 p.m. at Tec Centro.
Tec Centro, which opened in 2014, focuses on language classes and training in fields such as health, culinary, arts, construction and manufacturing.
“Programs that prepare people for jobs is exactly the kind of impact this fund is designed to support,” Kauffman said. “Tec Centro equips our existing workforce with tangible skills that lead to thriving-wage jobs in our community.”