February 12, 2019
In December of 2017, the Foundation invested $2.5 million in Erie Downtown Development Corporation. It was the first time in the Foundation’s history, that we have used a portion of our endowment to make a program-related investment. Our Board of Trustees approved this grant because we believe; Erie needs strong and inviting downtown to attract talent and businesses, and to help fuel a community and regional renaissance.
Erie Downtown Development Corporation is now taking steps to make sure Erie’s downtown revitalization includes diverse communities. Read full article about this plan here.