ERIE – Northwest Bank is dedicated to helping the newly created Erie Downtown Development Corporation (EDDC) in its mission to make downtown Erie a destination to live, work and play. In addition to an initial $2.5 million investment, the bank also announced that it has committed to an additional contribution of $50,000 a year over a three-year span, starting in 2018.
“Erie’s a great city, and we’re thrilled to give back by donating to the EDDC,” notes Jim Martin, Northwest’s Erie Region president. “We believe these funds will help give the EDDC the jumpstart they need in their revitalization efforts. We’re honored to be a part of the exciting changes that are happening in Erie.”
The goal of the EDDC is to help Erie grow through strategic initiatives aimed toward fueling economic growth through real estate development in downtown Erie. Northwest, a community bank, is dedicated to helping local organizations like the EDDC through volunteerism, community giving and endorsements.
“As a local bank with a strong connection to the Erie community, this commitment to the EDDC’s mission was an easy decision,” notes Martin. “We believe that part of being a good citizen is getting involved with our community and helping it thrive.”
“We are so pleased to have Northwest Bank join others in support of revitalizing our downtown,” said Tim NeCastro, chair of the EDDC board and CEO of Erie Insurance. “Northwest Bank is a strong community leader. Their commitment will go a long way to helping us achieve our mission.”
The Erie Downtown Development Corporation (EDDC) is a newly founded, privately funded nonprofit led by a group of business and community leaders working together in the name of transformational change.
Northwest Bank operates 164 full-service offices and nine free-standing drive throughs. Founded in 1896, Northwest offers a complete line of personal and business banking products including employee benefits, investment management services, insurance and trust.
For more on the EDDC’s mission or Northwest Bank, visit erieddc.org or www.northwest.com.