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City Profile New-York.Pdf Hello, New York City ® Citi’s mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress. We have 200 years of experience helping our clients meet the world’s toughest challenges and embrace its greatest opportunities. Citi will continue to support progress in New York City – one of the world’s leading economic and cultural centers and the home of our global headquarters – moving forward. Citi is uniquely positioned to help Our world enable progress for cities is changing Today, more than half of the world’s population resides in cities. By 2050, it will be 70%. By that time, the top cities will not only house most of the world’s people, but will also generate the majority of its economic growth and wealth. Driven by the three major secular trends of globalization, urbanization and digitization, city residents and businesses will gain greater access to opportunities than ever before. As the world becomes more connected, cities need a partner with both a global scale and an understanding of local nuances. In a word, Citi is global. Our more than 200,000 employees operate in a network of 1,000 cities and 160 countries worldwide. We are proud to partner with our clients and the communities in which we serve and are dedicated to driving progress on both a local and global scale. Our partnership with New York City spans more than 200 years 1812 1921 1992 2008 2012 2015 A group of merchants and Established our first retail Introduced new software Selected by the Port Authority Collaborated with the Mayor’s Provided $160 million statesmen sought to set up branch in the U.S. at 42nd operating programs for of New York and New Jersey, Office of Immigrant Affairs financing for Essex Crossing, a new bank in New York to Street in Manhattan. Citicard® Banking Centers to Citi served as lead underwriter (MOIA) and supported a 25-story building with 195 compete with Philadelphia, facilitate 24-hour access and for $2.6 billion in bond “NYCitizenship in Schools,” housing units developed by Boston and Baltimore in use by people with disabilities. issuances over three years the first municipally led Delancey Street Associates, supporting international 1927 used to finance the citizenship and financial which is part of a master commerce. After overcoming redevelopment of the World empowerment program. planned development on the obstacles, the state legislature Issued $20 million in gold Trade Center site, including Lower East Side. provided a charter and our first bonds, proceeds of which were 1994 the centerpiece One World office opened at 38 Wall Street. applied to the construction of Citi Foundation began investing Trade Center tower. the George Washington Bridge. in New York City. Since then, 2013 the Citi Foundation has As title sponsor, Citi helped invested more than $198 million to launch the Citi Bike® 1812-1840s in nonprofit organizations 2009 program, the largest and most Participated in major public in New York City helping Citi has been a sponsor of sustainable bike-share program ventures, including the first households and communities ® in the U.S. and New York Citi Field — home of the New Became the founding corporate scheduled packet shipping line attain economic opportunity. City’s first new transportation York Mets — since the ballpark supporter of New York City’s in the Americas to carry cargo network in more than a century. opened its doors in 2009. largest public education and and passengers across the outreach tax credit campaign Atlantic; the Erie Canal 1998 in the City’s history. waterway which connected New York City and the Great 1961 Opened our first Community 2010 Lakes; and the Croton Moved our global headquarters Lending Center in New York Opened innovative flagship Aqueduct water distribution from 55 Wall Street to 399 Park to do outreach in Harlem, branch in the heart of Union 2016 which had one of the lowest system that served as a fresh Avenue in midtown Manhattan. Square with Citi’s Smart Citi managed a landmark home-ownership rates in water source for the city. Banking technology, including deal to finance approximately the country. interactive walls, enhanced $2.5 billion of debt for a private 1961-1966 image ATMs and customer consortium — LaGuardia Gateway 1884 service experts via video-assist, Partners — to redevelop the Issued approximately 2006 the first of its kind in the U.S. 2014 Central Terminal at LaGuardia Bank President Percy Pyne $60 million of loans under Airport. The plan is the largest Launched Global Community Provided $3.2 million consolidated the gas sector in New York State’s low-cost In the largest public U.S. airport transaction and U.S. Day, an annual volunteer investment to rehabilitate New York into a single entity, tuition loan program. housing financing in history, public private partnership ever. Consolidated Gas Co. of New event spanning more than Citi partnered with the NYC The New York Public Library’s 90 countries. In New York Schomburg Center in Harlem, York, a precursor to Con Edison. Housing Authority to finance 388 Greenwich Street became City, more than 28,000 Citi one of the world’s leading $357 million of debt and made Citi’s Global Headquarters, 1977 colleagues, alumni, clients, research facilities devoted to a $210 million Low-Income with a multi-year renovation family and friends have the preservation of materials 1908-1912 Pioneered the commercialization Housing Tax Credit (LIHTC) in full swing. of the ATM and introduced a provided more than 140,000 equity investment. on the global African diaspora Financed $94.7 million in bond complete system across New hours of service since 2012. experience. issues for the Boston & Albany, York City, beginning with a Delaware & Hudson, New York branch in Queens. Citi CEO Mike Corbat and Central, and New York, Ontario 2011 Mayor Bill de Blasio announced & Western railroads. Citicorp Center was dedicated Awarded a comprehensive a partnership to establish a in midtown Manhattan as an receivables contract to $350 million fund through office and public space complex, re-engineer New York City’s the Community Preservation with a distinctive 45-degree electronic payment services, Corporation — structured and angled top and supported by streamlining how the city arranged by Citi — to support four, nine-story columns. collects millions of dollars affordable housing throughout annually across dozens of New York City. its agencies. Proud member of the New York City community Our reach 15,000+ 5.7 million+ Citi employees consumer and business accounts 26,500+ 140+ Citi alumni Citibank retail branches Data based on 2015 yearly totals Supporting New York City’s growth Our commitment to opportunities for youth and development In 2014, the Citi Foundation selected New $ York City as one of ten cities for its inaugural 257 million+ Pathways to Progress initiative, which provides in loans to 89,000+ small businesses young people ages 16-24 with the opportunity to develop the workplace skills and leadership $ experience necessary to compete in a 1.2 billion+ 21st-century economy. loans and investments in affordable housing 29,000+ low-income youth impacted 53 in New York City alone Citi clients in the Fortune 500 headquartered in the Greater New York City area $15 million+ pledged to help young people Our commitment to New York City’s in New York City increase their employability at a time communities of high joblessness With a goal of reaching up to 100,000 low- income youth nationwide, this $50 million initiative is the largest ever undertaken $ by the Citi Foundation in its history. Through entrepreneurship training, service 12.2 million+ opportunities, mentoring and summer jobs, supporting charitable organizations by Pathways to Progress aims to give young the Citi Foundation people the skills that they’ll need to access a job early in their working lives, better- positioning them for their professional and 91,000+ economic future in our communities. volunteer hours by 8,400+ Citi colleagues, alumni, clients, family and friends Data based on 2015 yearly totals Pushing progress forward through affordable housing Citi is committed to helping New York City achieve the nation’s most ambitious affordable housing program. New York City has been our home for partnership with L+M Development more than 200 years, and supporting Partners designed to acquire and the city’s progress has always been renovate properties that are at risk a priority. As the nation’s number of becoming unaffordable to low- and one affordable housing lender, Citi moderate-income families. For projects is a leading source of capital and like Arverne View in Rockaway and Two innovation for affordable housing and Bridges on the Lower East Side, the infrastructure in our own backyard. Fund has helped preserve thousands of New York City apartments, keeping In 2014, Citi Community Capital took them affordable for years to come. the lead in the historic $350 million funding package that provided the Back in 2010, Citi Community Capital Community Preservation Corporation provided over $500 million to help with the capital it needed to continue the New York City Housing Authority its mission of financing the construction renovate and secure additional and rehabilitation of smaller affordable ongoing Federal assistance for 21 housing projects throughout the city, public housing projects with more a sorely underfunded development than 20,000 apartments. This was sector. Ultimately, these funds the largest financing ever focused will result in the construction and on public housing and it helped the preservation of 7,500 apartments, Authority take care of years of along with jobs that strengthen deferred maintenance. New York City’s neighborhoods. Citi has also financed new housing for After the financial crisis when others seniors and LGBT youth, and supportive were retreating from the housing housing for veterans and people market, Citi helped arrange, fund and with disabilities — all to help support manage the New York Affordable progress in our home town.
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