{"id":36158,"date":"2020-12-09T09:23:53","date_gmt":"2020-12-09T14:23:53","guid":{"rendered":"https:\/\/kennetttimes.com\/?p=36158"},"modified":"2020-12-09T09:25:41","modified_gmt":"2020-12-09T14:25:41","slug":"coatesville-2nd-century-alliance-receives-3rdrround-of-downtown-revitalization-funding","status":"publish","type":"post","link":"https:\/\/kennetttimes.com\/?p=36158","title":{"rendered":"Coatesville 2nd Century Alliance receives 3rd round of Downtown Revitalization Funding"},"content":{"rendered":"

\"\"<\/a>COATESVILLE \u2014 As a part of their five-point, city-wide revitalization strategy, the Coatesville 2nd<\/sup> Century Alliance places a high priority on the redevelopment of the downtown commercial core. In 2018, they applied for \u2013 and received \u2013 a Neighborhood Partnership Program (NPP) grant from the Pennsylvania Department of Community and Economic Development.<\/p>\n

NPP is a Pennsylvania tax credit incentive whereby private donors contribute to a not-for-profit agency, in this case the 2nd<\/sup> Century Alliance, in exchange for state corporate tax credits. The program provides for long-term collaborations of five years or more to produce a comprehensive, asset-based, and relationship-driven approach to community development.<\/p>\n

The 2nd<\/sup> Century Alliance was able to secure two private donors, each making a six-year contribution commitment of $50,000 per year, allowing for a long-term, strategic approach to Coatesville\u2019s downtown revitalization.<\/p>\n

While the contribution commitments are in place for six years, certain milestones must be met each year in order to secure subsequent year tax credit allocations from the state.<\/p>\n

The donors, Hickory Bark, LLC and Knox Equipment Rental, saw the value and importance of the City\u2019s downtown revitalization and recognized the need for a long-term commitment.<\/p>\n

\u201cWe made this long-term commitment to the 2nd<\/sup> Century Alliance because we believe in the sophisticated strategic plan they have put in place, and understand it will take more than a one-time, or one-year donation to change the economic outcomes for the City,\u201d Jennifer McNeil, Principal of Hickory Bark LLC.<\/p>\n

The funds support a full-time downtown manager, a fa\u00e7ade improvement grant which is already showing results, and a clean\/safe\/green program. The grant also supports marketing and educational support for downtown businesses.<\/p>\n

\u201cWe are privileged to have these two donors come to the table in such a significant way,\u201d notes Sonia Huntzinger, Economic Development Administrator for the 2nd<\/sup> Century Alliance. \u201cIt\u2019s not always easy to secure such a long-term commitment from donors. Real, positive community change takes a long time and these contributors understand that.\u201d<\/p>\n

Coatesville 2nd<\/sup> Century Alliance was created in 2015, when Coatesville celebrated its 100th<\/sup> anniversary as a Pennsylvania City of the Third Class. A group of dedicated community stakeholders convened to ensure that the City\u2019s \u201csecond century\u201d would be economically prosperous for all its residents and businesses.<\/p>\n

Downtown revitalization is one component of the organization\u2019s five-point strategy which also includes residential neighborhood strengthening, jobs and economic opportunity, quality of place, and communications.<\/p>\n

\u201cPennsylvanians take great pride in their communities, and the Neighborhood Assistance Program is a way to encourage public-private partnerships to improve the neighborhoods we all call home,\u201d said Department of Community and Economic Development Secretary Dennis Davin. \u201cFrom improving community health to combatting food insecurity, renovating properties and addressing blight, projects like 2nd Century Alliance\u2019s will improve the quality of life in communities across the commonwealth.\u201d<\/p>\n

You can learn more about the organization\u2019s history, composition, and plans for the future at www.2ndCenturyAlliance.org<\/span><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

COATESVILLE \u2014 As a part of their five-point, city-wide revitalization strategy, the Coatesville 2nd Century Alliance places a high priority on the redevelopment of the downtown commercial core. In 2018, they applied for \u2013 and received \u2013 a Neighborhood Partnership Program (NPP) grant from the Pennsylvania Department of Community and Economic Development. NPP is a […]<\/p>\n","protected":false},"author":1,"featured_media":36160,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[370,12569,2337,6518,6625],"class_list":["post-36158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-coatesville","tag-coatesville-2nd-century-alliance","tag-downtown","tag-featured","tag-revitalization"],"_links":{"self":[{"href":"https:\/\/kennetttimes.com\/index.php?rest_route=\/wp\/v2\/posts\/36158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kennetttimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kennetttimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kennetttimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kennetttimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36158"}],"version-history":[{"count":2,"href":"https:\/\/kennetttimes.com\/index.php?rest_route=\/wp\/v2\/posts\/36158\/revisions"}],"predecessor-version":[{"id":36161,"href":"https:\/\/kennetttimes.com\/index.php?rest_route=\/wp\/v2\/posts\/36158\/revisions\/36161"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kennetttimes.com\/index.php?rest_route=\/wp\/v2\/media\/36160"}],"wp:attachment":[{"href":"https:\/\/kennetttimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kennetttimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kennetttimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}