Gannon University Makes Commitment to Erie Downtown
Development Corporation with $2.5 Million Investment
Posted: October 13, 2017
Gannon University is proud to serve as Erie’s urban University
and recognizes its responsibility to join arm-in-arm with its neighbors to
drive transformation of downtown Erie and ensure the vitality of the Erie
region. As a reflection of its Catholic tradition and unwavering dedication to
its Mission and civic responsibility, Gannon University is pleased to make a
$2.5 million investment in the Erie Downtown Equity Fund, LLC and commit to
collaboration with key community partners as an inaugural member of the Erie Downtown
Development Corporation (EDDC).
In becoming a member of EDDC, Gannon joins Erie Insurance and
the Erie Community Foundation as anchor members and investors. The growing
group of strategic partners will serve the new non-profit organization focused
on fueling economic growth through real estate development in downtown Erie,
with the intent of strengthening the city’s core assets and driving
revitalization across the region.
“This collaborative effort of leadership and strengthened sense
of dedication to the Erie community brought together through the Erie Downtown
Development Corporation is critical for the vitality and future of our community,”
said University President Keith Taylor, Ph.D. “We have a big job– and an
important job – ahead of us, and the synergies between these anchor
institutions and others will serve as a model of collaboration across the
various organizations investing their efforts of service into creating a
brighter future for our Erie community.”
This investment links seamlessly with Gannon University’s work
in the Our West Bayfront neighborhoods, and will be used to create and restore
residential housing and transform downtown Erie into a dynamic space to live,
learn and grow through increased programming, dining, retail and entertainment
options, and physical improvements.
As a member of the EDDC Executive Committee and the Erie
Downtown Equity Fund, Gannon will assist in the development of a business plan
that will identify initial projects to implement the vision for the economic development
and revitalization of downtown Erie.
Urban universities across the country are anchor institutions,
alongside healthcare and other business and government partners with a clear
understanding that their fates are closely tied to the health and well-being of
the surrounding community. That recipe for urban renewal fits very well within
the context of our Erie downtown.
As America rapidly transitions to a knowledge-based economy,
universities are increasingly looked to as drivers of innovation and education,
as well as major employers, incubators of business, infrastructure developers,
purchasers of goods and integral partners in crime prevention, greening, health
care and education. Gannon embraces its social responsibility as Erie’s urban
university, and embraces its role alongside its community partners to advance
its leadership commitment for the well-being of the Erie region.
“As we envision the future of our University, we must also
envision the future of downtown Erie,” said Taylor. “It is essential to
Gannon’s Mission to ensure access to exceptional, quality education for all students
and to ensure delivery of that education in an environment where students will
thrive academically, personally and professionally. Through this partnership
and investment, Gannon University is deepening its commitment to Erie’s
economic, business and environmental health for the benefit and success of our
students and our entire region.”
About Gannon University:
Gannon University is a Catholic, diocesan university with
campuses in Erie, Pennsylvania, and Ruskin, Florida, offering online and
traditional associate, bachelor’s, master’s and doctoral programs to more than 4,000
academically talented and diverse students.
Gannon University is dedicated to excellence in teaching,
scholarship and service. Inspired by the Catholic Intellectual Tradition, the
University offers a comprehensive, values-centered learning experience that emphasizes
faith, leadership, inclusiveness and social responsibility.