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Your email address will not be published.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

What’s IN Weekend Round-Up: November 4-6

By: Brianna Hansen InWilmingtonDE.com [caption id="attachment_2524" align="alignnone" width="281"] Screenshot from inWilmington.com[/caption] As always, we ...

M&T showcasing work by DCAD

M&T Showcasing Work by DCAD

M&T showcasing work by Delaware College of Art and Design faculty, staff WILMINGTON, Del. ...

Nonprofit Digital Marketing and Tech Event in Wilmington

This event is for Nonprofit Executives, Staff, and Supporters seeking to boost awareness, drive ...

Happening Now: Curbside Wilmington

“Curbside Wilmington,” a new initiative designed to support local businesses and encourage patrons to ...

Copyright © 2020 WilmToday.com
Designed and Developed in Partnership with
Tapp Network - Mission-driven Marketing & Technology
Located in Wilmington, DE