Erie Insurance Opportunity Zone
The flagship opportunity zone development company is the one stop shop for investors and developers entering the erie market for the first time.
Erie insurance opportunity zone. Let us help you identify deal flow identify local funds connect with developers and investment grade business opportunities work with economic development organizations and professionals and. The erie community foundation has made a 5 million commitment to invest in mission related projects. Whitethorn digital has announced it has received 1 2 in funding from erie insurance s opportunity zone fund.
John persinger ceo of the erie downtown development corp the recipient of 36 5 million in opportunity zone commitments from erie insurance and arctaris impact fund said building a. The fund is designated to help financially support different projects. Erie insurance is initially investing 25 million in the arctaris opportunity zone funds and is looking to expand to 50m during the second half of 2020.
The flagship opportunity zone development company is the one stop shop for investors and developers entering the erie market for the first time. For erie insurance and the ecf investing in arctaris opportunity zone funds allows for. The first investment for the erie insurance opportunity zone fund is 2 6 million for the culinary arts district project being overseen by the development corporation.
The city of erie business and non profit leaders have coalesced around the common goal of promoting erie s opportunity zones designated as pennsylvania s flagship opportunity zone. Let us help you identify deal flow identify local funds connect with developers and investment grade business opportunities work with economic development organizations and professionals and. Erie insurance ceo tim necastro announced the establishment of 50 million dollars to the opportunity zone investment fund.
Erie insurance the region s largest employer announced in august that it had created a 50 million opportunity zone investment fund and would make its first investment of 2 6 million in the. The flagship opportunity zone development company was created under the umbrella of the erie regional chamber and growth partnership to cultivate a robust. The erie pennsylvania based publisher will use the funding to purchase and refurbish.
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