Riverside Center for Innovation was recently awarded a $372,000 grant from the Claude W. Benedum Foundation. The grant will help further our redevelopment efforts and bring businesses and jobs to the Pittsburgh region. Read the article from Pittsburgh Business Times for more information on the Benedum Foundation's grant and RCI below:
Emily Buka, executive director of the Riverside Center for Innovation, said the three-year grant will allow her organization to conduct additional surveys, site planing and market analysis at the designated sites to assess the possibility for development and what chance there is for success.
Since her organization does not own the sites, Buka said there are two things needed to spur development: motivated property owners and a plan for development.
"That's what this grant will be used for, those additional steps that would make development possible and reduce the risk that something may not happen with these sites," she said.
Buka said this is the first time her organization has partnered with the West Virginia organization. The organizations are also working with the Northern West Virginia Brownfields Assistance Center, based at West Virginia University.
In the last five years, the Riverside Center for Innovation has received $4 million in funding from the Environmental Protection Agency's Community-Wide Brownfield Assessment program, which has allowed the organization to assess about 60 sites and over 500 acres along the rivers spanning from Beaver Falls to Freeport.
Read more of the above article here and learn more about our other brownfield redevelopment efforts here.
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