CentrAL INC! | Central Alabama Business Journal March/April 2025 | Page 70

By STACEY THOMPSON
industry expert : banking

MAXIMIZE COMMUNITY PROJECTS THROUGH STRATEGIC PARTNERSHIPS

By STACEY THOMPSON

Despite challenges
impacting the Montgomery
area such as rising costs
and supply chain issues ,
local collaboration between
businesses and nonprofits
is creating meaningful
impact for our community .
Through this collaboration
these groups are addressing
critical needs , including
neighborhood revitalization ,
launching affordable housing
initiatives and creating
growth opportunities .
An essential piece of these community projects is a trusted banking partner who plays a pivotal role in maximizing impact . Here are key steps for businesses and nonprofits to fully utilize their banking partners to reach the full potential of their community-driven initiatives .
START WITH UNDERSTANDING LOCAL NEEDS
Whether it ’ s affordable housing , infrastructure improvements or support for small businesses , defining clear goals is essential . A banking partner can help you assess the challenges your project addresses as well as determine the long-term benefits it can bring .
For example , revitalizing a historic neighborhood could create jobs , boost property values and provide improved public spaces . Presenting a focused , well-researched vision ensures your initiative aligns with community priorities and demonstrates its potential impact .
TAP INTO THE FULL POTENTIAL OF YOUR BANKING PARTNER
Banks are more than just lenders — they ’ re strategic collaborators . From refining your project ’ s vision to offering operational expertise , quality banking partners provide value beyond funding .
For example , nonprofits launching financial literacy programs can benefit from a bank ’ s resources and outreach support . Small businesses , on the other hand , can access tailored guidance on securing Small Business Administration ( SBA ) loans or navigating growth challenges .
COLLABORATION BUILDS COMMUNITY SUCCESS
When businesses , nonprofits and banks work together , incredible things happen . A few ways organizations can collaborate with their banking partners to maximize their impact include :
Empower Communities with Financial Literacy Offer workshops that equip residents with financial skills , aligning with initiatives like the Community Reinvestment Act ( CRA ).
Support Development Projects Partner with banks on infrastructure upgrades , housing initiatives and economic growth programs . Valley Bank ’ s commitment to minority-owned businesses highlights how partnerships meet diverse needs .
Maintain Open Communication Set clear goals and provide regular updates . Tracking outcomes and aligning priorities with your banking partner strengthens trust and ensures success .
MOVING FORWARD TOGETHER
Montgomery is brimming with opportunities for growth and transformation . At Valley , our commitment to partnership ensures that businesses and nonprofits can amplify their impact and drive meaningful change for the communities we serve .
If you ’ re ready to make a difference , connect with Valley Bank today . Together , we can continue to ensure Montgomery is an innovative and vibrant community .
Stacey Thompson is VP ,
Market Manager at Valley
National Bank and has
been in the industry for
almost 28 years .
© 2025 Valley National Bank . Member FDIC . Equal Opportunity Lender . All Rights Reserved .

Contact

STACEY THOMPSON 334.478.6023

SThompson @ valley . com

70 CentrAL Inc !