Lowe’s Companies (LOW) Affirms Commitment to Hometown Projects

Lowe’s Companies, Inc. (NYSE:LOW) is one of the 12 best consumer goods stocks billionaires are quietly buying. On June 24, the company announced that 100 communities have been nominated, and large-scale renovations are poised to benefit from the 2025 Lowe’s Hometowns projects.

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Lowe’s Hometowns is the company’s $100 million project that focuses on repairing and restoring millions of square feet of community spaces. As part of the project, the company expands kitchens and serving capacity for food pantries. It also restores dignity to well-used transitional housing facilities.

“Lowe’s Hometowns is a true demonstration of how Lowe’s red vest associates across the country show up and help. Working alongside nonprofit partners, each project delivers real, life-changing impact to the communities we serve,” said Marvin Ellison, Lowe’s chairman and CEO.

The Lowe’s Hometowns initiative not only meets urgent needs but also strengthens community bonds by combining substantial investment in revitalizing key nonprofit spaces with the enthusiasm and commitment of red vest associate volunteers, who become more involved in their neighborhoods.

Lowe’s Companies, Inc. (NYSE:LOW) is a home improvement retailer that offers a wide range of products for homeowners, renters, and professionals, as well as installation and repair services. It also focuses on community development through the Lowe’s Foundation, supporting affordable housing and the development of skilled trades.

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Disclosure: None. This article is originally published at Insider Monkey.