$289,500 in Funding Will Help WCDC Continue to Revitalize Wilkinsburg
Wednesday, January 05, 2011
Pop City Media
On December 28, the Wilkinsburg Community Development Corporation received its second annual installment of funding from Tristate Capital Bank, totaling $289,500. The funding is part of a six year, $1.8 million commitment by the bank in order to assist the WCDC’s Business District Revitalization efforts.
“The money is split 50/50,” says Tracy Evans, executive director of the WCDC. “Half goes to our office, staff, and projects, primarily infrastructure improvement projects we’re working on as well as marketing money for the overall borough.” The other half of that money is allocated for projects that the WCDC is collaborating with Landmarks Community Capital Corporation, a division of the Pittsburgh History and Landmarks Foundation, to achieve.
The first installment of the Tristate Capital funds were used by the WCDC and LCCC to open Wilkinsburg’s Landmarks Community Resource Center last October, and this year’s funds will contribute to two new Wilkinsburg housing projects totaling $10 million.
“This funding stream has been key to the Wilkinsburg Community Development Corporation opening an office in the borough in 2010 and hiring three full-time personnel to further our goals in revitalizing the Wilkinsburg business community,” says John A. Thompson, WCDC president and mayor of Wilkinsburg.
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Writer: John Farley
Source: Tracy Evans, WCDC
John A. Thompson, WCDC