Wilmington’s Economic Growth and Mobility Project

The project partners the Federal Reserve Bank of Philadelphia with area nonprofits to create pathways out of poverty.

Patrick Harker, former president of the University of Delaware and current Philadelphia Federal Reserve Bank president, said revitalizing low-income communities is crucial to improving the national economy.

“The economy won’t thrive unless it gets better community by community,” he said in an interview with The News Journal. “The economy is not one big thing, but rather a series of communities, states and industries that we want to see prosper.”

Rep. Lisa Blunt Rochester, D-Del., accompanied Harker on his tour. She said the Economic Growth and Mobility Project could help lift up the East Side.

“[The Philadelphia Fed] has already started talking about the resources to help us learn and give us examples of things we can do here,” she said. “The conversation has helped us think about what we can do here.”

Harker and Rochester toured Wilmington’s east side on and stoped at the Lacey Project on Eighth and Church streets. The project is a mixed-use development that, will have affordable apartment units, ground-floor restaurant research space and a commercial kitchen to bring food service businesses to the neighborhood.

So far the project has created 12 construction jobs, and the restaurant will require five full-time employees. The project is expected to be completed in 18 months.

Read the full article at: DelawareOnline.com

Stay Up-to-Date on Everything Wilmington
Sign up for our Monthly Newsletter!

  • Show Comments

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

Ads

You May Also Like

WestSide Grows Introduces Vegan Restaurant Week

Beginning October 6th to October 12th, local restaurants on the WestSide of Wilmington will ...

SmallBiz Spotlight: COAKT

2016 Delaware Innovation Award Winner for Tech Startup of the Year, COAKT is Redefining ...

Groundbreaking Ceremony to Be Held For 76ers Fieldhouse

Image courtesy of NBA Media Ventures, LLC The Philadelphia 76ers all-new, state-of-art field house ...

Wilmington love block party

Wilmington Love Block Party Celebration

NEWS ADVISORY AND INVITATION FOR NEWS COVERAGE Wilmington is a proud City. And it’s ...

300-101   400-101   300-320   300-070   300-206   200-310   300-135   300-208   810-403   400-050   640-916   642-997   300-209   400-201   200-355   352-001   642-999   350-080   MB2-712   400-051   C2150-606   1Z0-434   1Z0-146   C2090-919   C9560-655   642-64   100-101   CQE   CSSLP   200-125   210-060   210-065   210-260   220-801   220-802   220-901   220-902   2V0-620   2V0-621   2V0-621D   300-075   300-115   AWS-SYSOPS   640-692   640-911   1Z0-144   1z0-434   1Z0-803   1Z0-804   000-089   000-105   70-246   70-270   70-346   70-347   70-410  

Copyright © 2019 WilmToday.com
Designed and Developed in Partnership with
Tapp Network - Mission-driven Marketing & Technology
Located in Wilmington, DE