Grant to Launch Lake County CDC

Posted: Updated:
MERRILLVILLE -

Merrillville-based Legacy Foundation has announced plans to launch a new community development corporation for Lake County. The organization says the nonprofit CDC, which is being funded by a grant from the JPMorgan Chase Foundation, will provide much needed support for area neighborhoods.

Legacy Foundation says the idea to form a county-wide CDC came after working with five northwest Indiana neighborhoods and realizing it could grow resident engagement. The Lake County CDC will initially be housed within the offices of Legacy Foundation, which will provide administrative staff, office space and technology.

"The short term goal of this project is to create a sustainable CDC that will be able to focus on the transformation of vulnerable, undervalued and transitional neighborhoods into healthier places where people invest their time, energy and resources and where residents are engaged in community problem solving," said Kelly Anoe, vice president of Legacy Foundation. “In the long term, we believe this will increase access to economic opportunity and mobility for residents across Lake County.”

Legacy says it will hire an acting director for the CDC who will work with the organization to develop by-laws, establish a board of directors and create a strategic plan on the path to making the CDC a self-sustaining organization. 

JPMorgan Chase provided $150,000 for the first year of the project. After the first year, the Lake County CDC will apply for independent tax exempt status and seek new funding opportunities.

  • Perspectives

    • 3 Tips to Attract and Retain Employees in the Gig Economy

      The gig economy has been around ever since workers began looking for supplemental income, but, it has recently evolved with the introduction of technology. Companies emerging like Uber, Lyft and GrubHub, are changing the gig economy landscape of the workforce. The gig economy has attracted millennials and Gen Zers because of the flexibility and autonomy to work from anywhere, at any time.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • (Industrial hemp photo courtesy of Purdue University)

      Hemp Processor Announces Expansion

      Indianapolis-based BDX Indiana has announced plans to bring more than 100 new jobs to central Indiana, with about a third of those going to a planned hemp extraction facility in Westfield. BDX extracts CBD oil from Indiana-grown hemp and is a sister company of Biodynamic Ventures, the largest hemp grower in Indiana. The city says the phase one build-out of the overall $50 million project is expected to begin this month with production to start in December. 

    • Butler Blue III is retiring next spring as the school's mascot. (photo courtesy Butler University)

      Butler Mascot Set to Retire

      One of the best-known ambassadors for Butler University is stepping down, all four legs of him, at the end of the current academic year. The university says their furry mascot, Butler Blue III, is ready to retire after nearly eight years of greeting visitors, students and staff. 

    • (photo courtesy of Indianapolis International Airport)

      Indy Airport Showcases New Retail Offerings

      Indianapolis International Airport is celebrating the opening of the first wave of new retail offerings. The new stores are part of the airport's multi-year Concessions Refresh initiative, which aims to bring a greater mix of nationally-known brands, such as FAO Schwarz and Vineyard Vines, with more local offerings, including Natalie's Candy Jar and Fountain Square Market. In all, nine new retail stores opened Tuesday morning. In an interview with Inside INdiana Business...

    • (image courtesy of Pixabay/VIN JD)

      Cyber Security Battalion to be Located in Indiana

      Indiana’s growing defense industry is further expanding into the digital battlefield. Governor Eric Holcomb has announced a National Guard cyber battalion will be located in the Hoosier state. The 127th Cyber Protection Battalion will be made up of nearly 100 soldiers focused on cybersecurity and cyber warfare. 

    • CEO of Knox County Development Corp. Steps Down

      The president and chief executive officer of the Knox County Development Corp. has resigned. Kent Utt had held the position for five years. Officials say Utt will continue to work with the corporation’s leadership to ensure a smooth transition going forward.