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Courtesy of R3A Architecture   TribLIVE s Daily and Weekly email newsletters deliver the news you want and information you need, right to your inbox. 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.

United statesWestmoreland countyAllegheny countyNew kensingtonDeb erdleyRichard king mellonJason rigoneTim reevesSam reimanRk mellon foundationSouthwestern pennsylvania opportunity zone programRichard king mellon foundationRichardk mellon foundationArctaris impact investorsOpportunity zonesDowntown erie