Courtesy of R3A Architecture
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A new partnership between the Richard K. Mellon Foundation and Arctaris Impact Investors, a Boston-based impact investment group, is launching a $20 million investment fund to underwrite economic development projects in distressed communities in Allegheny and Westmoreland counties.
The fund, unveiled Wednesday, will target projects that support economic development, workforce training, infrastructure and sustainable job creation in qualified Opportunity Zones in the counties.
Opportunity Zones are designated areas of distressed communities that carry special tax incentives for investment and development.
Mar 6, 2021
The PA Wilds Conservation Shop at Kinzua Bridge is shown above and below, as well as close-ups of some of the goods sold there. PA Wilds is expanding to Leonard Harrison State Park this summer with a similar shop run out of a mobile unit.
WELLSBORO The PA Wilds Center for Entrepreneurship (PA Wilds Center) announced Monday it is opening its second PA Wilds Conservation Shop at Leonard Harrison State Park via a mobile unit this summer, expanding visitor services at the busy state park and improving market access for rural entrepreneurs and businesses looking to serve its thousands of visitors.
The OneValley Pittsburgh Startup Challenge Launches with Support from the RK Mellon Foundation, Ascender, and Almono LP
The Richard King Mellon Foundation Awards a $500,000 Grant to Build a Virtual Entrepreneurship Platform for Pittsburgh
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PITTSBURGH, Feb. 3, 2021 /PRNewswire/ OneValley, a global innovation platform, today announced the launch of the Pittsburgh Startup Challenge. Pittsburgh based startups can now apply for a chance to share in over $50,000 of non-dilutive funding. The Startup Challenge is the first step in the launch of OneValley s Pittsburgh Entrepreneurship Platform being built in partnership with top local organizations to empower the city s vibrant startup community.
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The Richard King Mellon Foundation, the region’s largest philanthropic organization, plans to give away $1.2 billion over the next decade, its director announced Wednesday.
And it will continue a new practice in doling out the old money by soliciting public input on where it will do the most good.
The foundation aims to “increase opportunity and prosperity in Southwestern PA, and to advance environmental conservation and stewardship across the United States” through its new strategic plan, Director Sam Reiman said. Last year, the foundation awarded $130 million in grants.