At the backbone of PNC’s corporate responsibility efforts is the belief that when communities prosper, their business prospers. PNC supports the communities where it conducts business through job creation, local infrastructure, small business loans, financial education, and sponsorships.
In August 2017 and September 2017, Hurricanes Harvey and Irma (both category 4 storms at landfall) tore through the states of Texas and Florida, leaving many communities with significant physical and economic damage.
The bull market in U.S. stocks is now nine years old, one of the longest such streaks in history. The United States boasts many of the world’s most valuable companies, and investors have enjoyed high returns with low volatility.
The effects of Hurricanes Irma and Maria on Puerto Rico have been well publicized, and there is much work ahead. The Rural Community Assistance Partnership (RCAP) is proud to be one of hundreds of organizations on the island trying to facilitate a path forward for the people of Puerto Rico.
Last month, business leaders met in Washington, D.C. with the Honorable Mayita Meléndez, the Mayor of Ponce, Puerto Rico. The event was an opportunity for the private sector to hear first-hand how they can help with the long-term recovery efforts in the city.
“The devastation was worse than I imagined.”
This was just one comment in an echo of similar reactions by business delegates who joined the U.S. Chamber Foundation in Puerto Rico four months after Hurricane Maria made landfall.
Severe weather can impact a business at anytime, anywhere. The Chamber’s Suzanne Clark partnered with The Weather Channel’s (TWC) meteorologist Reynolds Wolf to film a severe weather preparedness Public Service Announcement (PSA).