Title
Proclamation awarded to the Enterprise Zone Corp. of Braddock celebrating their 20th Anniversary and recognizing their contributions to economic development and job growth for the communities of Braddock, North Braddock, and Rankin.
Body
WHEREAS, The Enterprise Zone Corp. of Braddock (EZCB), a non-profit corporation, was established in 1986 to promote economic and job development in the Braddock area; and
WHEREAS, in 1995, the EZCB in conjunction with the municipalities of Braddock, North Braddock and Rankin expanded the Braddock Enterprise Zone into the adjoining communities, which extended Enterprise Zone benefits to these communities to encourage investment and job creation; and
WHEREAS, since its establishment, the EZCB has authorized 46 low-interest business loans, loaning approximately $2,600,000 in funds, leveraging over $15 million in private investment and creating over 400 new jobs; and
WHEREAS, 24 Neighborhood Assistance EZ Tax Credit Program applications have been processed by the EZCB, helping local firms expand their business activities; and
WHEREAS, EZCB works in partnership with other groups to promote development, for example, the EZCB is a key member of the planning effort for the Mon Riverfront of Braddock, North Braddock, Rankin and Swissvale and the Carrie Furnace Site in Rankin and Swissvale; and
NOW, THEREFORE, BE IT RESOLVED, that Allegheny County Council, does hereby recognize the Enterprise Zone Corp. of Braddock for their outstanding efforts to revitalize our communities and we congratulate the EZCB upon the momentous occasion of their 20th Anniversary. We join with the representatives from business and government and local residents in celebrating the economic development achievements of the EZCB over the past 20 years.