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Lowe's Invites Communities to Nominate Projects for Lowe's Hometowns

1. Lowe's announces $10 million for community projects in 2024. 2. 500,000 people expected to benefit from Lowe's Hometowns program. 3. The initiative supports critical community needs and improvements. 4. Past projects included transitional housing and food bank enhancements. 5. CEO highlights Lowe's commitment to community support and empowerment.

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FAQ

Why Bullish?

Lowe's investment in community projects can enhance brand loyalty and sales.

How important is it?

The initiative's scale signifies Lowe's dedication, potentially driving future sales.

Why Long Term?

Positive community relations can lead to sustained customer engagement and growth.

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LOW
The program to award $10 million to improve community spaces – from nonprofit, veteran and first responder facilities, to community centers and parks – with a helping hand from red vest associates, /PRNewswire/ -- Lowe's today announced the company is accepting project nominations for Lowe's Hometowns, its five-year, $100 million commitment to community revitalization. Lowe's will award $10 million in grants to fund 100 renovations and complete an additional 1,700 improvement projects selected by its associates this year.Now through Feb. 18, people across the country are encouraged to nominate a project to benefit their community or a local nonprofit by visiting Lowes.com/Hometowns. Lowe’s Hometowns leverages the company’s red vest associates’ DIY expertise and longstanding community relationships, extensive network of Pros and vast product assortment to improve, expand or beautify spaces. Lowe's helped build a new bunkhouse and renovate the kitchen for the Scotland Volunteer Fire Department in Scotland, Connecticut. Lowe’s will award $10 million in grants to fund 100 renovations and complete an additional 1,700 improvement projects selected by its associates this year. More than 500,000 people are anticipated to benefit within one year of completion of Lowe's Hometowns projects in 2024 and more than 3 million since the program launched in 2022.1 For example, last year, Lowe's helped expand a community of safe homes for veterans in Sioux Falls, South Dakota; build a new bunkhouse and renovate the kitchen for a volunteer fire department in Scotland, Connecticut; and transformed a kitchenette into a full-size kitchen to provide nutritious meals for children transitioning into foster care in LaFollette, Tennessee. "Helping our neighbors and communities is what Lowe's does best," said Marvin Ellison, Lowe's chairman and CEO. "Over the last three years, Lowe's Hometowns has inspired thousands of community improvement projects across the country, which have been brought to life by our associates' ability to solve problems and get things done. I am excited to see the difference we will make in 2025."Lowe's is uniquely positioned to make an impact. Lowe's Hometowns leverages the company's red vest associates' DIY expertise and longstanding community relationships, extensive network of Pros and vast product assortment to improve, expand or beautify spaces that serve as the hubs and heartbeats of communities. The program is also supported by Lowe's trusted community impact and implementation partner, Points of Light."Communities have urgent needs for investments and volunteers nationwide," said Jennifer Sirangelo, Points of Light's president and CEO. "Lowe's empowers communities to make the improvements they imagine a reality through the Lowe's Hometowns program. Grants and employee volunteers support locally identified projects, like expanding food banks and refreshing shared spaces, to fill critical gaps and create sustainable, positive changes."Eligible project types include rebuilding or renovating: Safe and affordable housing facilities such as shelters or transitional living facilities Community resources such as senior citizen centers, first responder facilities, food pantries or youth clubs Outdoor community spaces like parks, gardens and playgrounds Cultural preservation such as theaters or memorials Facilities dedicated to skilled trades education Visit Lowes.com/hometowns for complete program terms and to nominate a community project.For additional media assets click here.About Lowe'sLowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2023 sales of more than $86 billion, Lowe's operates over 1,700 home improvement stores and employs approximately 300,000 associates. Based in Mooresville, N.C., Lowe's supports the communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts. For more information, visit Lowes.com.Media ContactLaurel WallerLowe's Companies, Inc. [email protected]1 Full program impact data available in the Lowe's Hometowns Executive Summary linked here.SOURCE Lowe's Companies, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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