You are here

Lehigh Valley organizations receive $1.45 million in grants from BB&T Economic Growth Fund

Donations will support manufacturing, create job pipelines and reduce blight

LEHIGH VALLEY, Pa. – BB&T today announced $1.45 million in grants to several Lehigh Valley organizations from the BB&T Economic Growth Fund at the Lehigh Valley Community Foundation. The donations will support manufacturing, create job pipelines, reduce blight and spur economic development through various additional initiatives.

“BB&T has a long history of supporting our local business and academic communities,” said BB&T Community Banking Group Executive Scott V. Fainor. “We are proud to provide community leadership at this level, and we believe BB&T’s investment will play a significant role in the future health and prosperity of the Lehigh Valley.”

“It has been a true pleasure working with Scott Fainor and the leadership of the BB&T Economic Growth Fund in making these important investments in the growth of the Lehigh Valley,” said Bernie Story, president and CEO of the Lehigh Valley Community Foundation. “We are delighted to have partnered with BB&T in assessing the many opportunities for support, and we know this effort will have an impact throughout the entire community. The Lehigh Valley Community Foundation is in a strong position to support efforts like this, and BB&T is to be commended for their commitment to the quality of life in the Lehigh Valley.”

In conjunction with the BB&T/National Penn merger last year, $5 million was donated to two local foundations with the Lehigh Valley Community Foundation receiving $2.5 million to establish the BB&T Economic Growth Fund. The fund awards grants to initiatives that will improve the standard of living and economic health of the Lehigh Valley through business attraction and incubation, industrial growth and creation of sustainable and thriving wage jobs.

The following organizations received grants during the first phase of allocation from the BB&T Economic Growth Fund at the Lehigh Valley Community Foundation:

  • Allentown Economic Development Corporation, in collaboration with the City of Allentown, Lehigh County and Lehigh Valley Economic Development Corporation

    $250,000 for the redevelopment of Allentown Metal Works site

    See the photo gallery | video of the grant annoucement and presentation
     

  • Bethlehem Economic Development Corporation, in collaboration with the City of Bethlehem, Northampton County, Lehigh University and Community Action Committee of the Lehigh Valley:

    $250,000 for the creation of a revolving loan fund to remediate blighted properties in Bethlehem.

    See the photo gallery | video of the grant annoucement and presentation"
     

  • Lehigh Valley Industrial Park, in collaboration with Northampton County and Lehigh Valley Economic Development Corporation:

    $250,000 for the construction of the Bethlehem Manufacturing Center

    See the photo gallery | video of the grant annoucement and presentation
     

  • Ben Franklin Technology Partners, in collaboration with Lehigh University’s Baker Institute for Entrepreneurship, Creativity & Innovation:

    $100,000 for the expansion of a Lehigh Student, Faculty & Alumni Collaboration Area and the mission of the Baker Institute and its business incubator

    See the photo gallery | video of the grant annoucement and presentation
     

  • Northampton Community College:

    $200,000 for the Center for Innovation and Entrepreneurship

    See the photo gallery | video of the grant annoucement and presentation
     

  • Lehigh County, in collaboration with Lehigh Career & Technical Institute (LCTI):

    $100,000 for LCTI Workforce Development Scholarships

    See the photo gallery | video of the grant annoucement and presentation
     

  • City of Easton, in collaboration with Northampton County, Lafayette College, Lehigh Valley Economic Development Corporation and Greater Easton Development Partnership:

    $125,000 for the Da Vinci Science City Architectural & Exhibits Master Plan
    $75,000 for Parking and Hotel Studies to enhance tourism in Easton

    See the photo gallery | video of the grant annoucement and presentation
     

  • Greater Lehigh Valley Chamber of Commerce Foundation:

    $50,000 for Western Hamilton Street Gateway Project

    See the photo gallery | video of the grant annoucement and presentation
     

  • Cedar Crest College

    $10,000 for the Student Employment Center
     

  • DeSales University

    $10,000 for the Health Care Program Scholarship Fund
     

  • Lehigh Carbon Community College Foundation

    $10,000 for Dual-Enrollment Classes with Allentown School District
     

  • Moravian College

    $10,000 for the BB&T Fellows Program
     

  • Muhlenberg College
    $10,000 for the Business Accelerator Complex

See the Photo Gallery | BB&T and the Lehigh Valley Community Foundation held eight press conference/check presentations across the Lehigh Valley on June 29, 2017. Several Lehigh Valley organizations received part of $1.45 million in grants from the BB&T Economic Growth Fund at the Lehigh Valley Community Foundation. The grants will support manufacturing, create job pipelines, reduce blight and spur economic development through various additional initiatives.

Eight Presentations | One Day | BB&T Economic Growth Fund at LVCF

 

About BB&T

BB&T is one of the largest financial services holding companies in the U.S. with $220.5 billion in assets and market capitalization of $36.3 billion as of March 31, 2017. Building on a long tradition of excellence in community banking, BB&T offers a wide range of financial services including retail and commercial banking, investments, insurance, wealth management, asset management, mortgage, corporate banking, capital markets and specialized lending. Based in Winston-Salem, N.C., BB&T operates more than 2,100 financial centers in 15 states and Washington, D.C. A Fortune 500 company, BB&T was recognized as one of Forbes' 2017 Best Banks in America and is consistently recognized for outstanding client service by Greenwich Associates for small business and middle market banking. More information about BB&T and its full line of products and services is available at BBT.com.

 

About Lehigh Valley Community Foundation
For five decades, the Lehigh Valley Community Foundation has helped donors with their charitable contributions with a simple, powerful, and highly personalized approach. We are a philanthropic hub for the Lehigh Valley—we know and navigate the landscape of the Lehigh Valley’s community needs to connect people who care to causes that matter. It is our mission to improve the quality of life in our region, to encourage collaboration among area philanthropists, and to serve as a source of information and expertise regarding charitable giving. Learn more by visiting us on the web at www.LVCFoundation.org.

 

###

 

COVERAGE | BB&T Economic Growth Fund at BB&T

 

Notable Moving Stock: BB&T Corporation (BBT)  - Morning Times

... $1.45 million in grants to several Lehigh Valley organizations from the BB&T Economic Growth Fund at the Lehigh Valley Community Foundation.

 

BB&T Pasts Stress Screen Test - FSM News (registration) (blog)

... important investments in the growth of the Lehigh Valley," Bernie Story, president and CEO of the Lehigh Valley Community Foundation specified.

 

Notable Moving Stock: BB&T Corporation (BBT) – Wall Street Morning (not archived)

BB&T (BBT) reported $1.45 million in grants to several Lehigh Valley organizations from the BB&T Economic Growth Fund at the Lehigh Valley Community Foundation. The donations will support manufacturing, create job pipelines, reduce blight and spur economic development through various additional initiatives.

 

Bushkill Park takes a step forward | Turkeys and Trophies - lehighvalleylive.com

The BB&T Economic Growth Fund's $2.5 million donation to the Lehigh Valley Community Foundation will help Easton's campaign to bring a ...

 

Lehigh Valley organizations allotted $1.45 million to spur economic growth - Lehigh Valley Business

Speakers at the events included Fainor, Bernie Story, president and CEO of the Lehigh Valley Community Foundation, Bob Donchez, Bethlehem ...

 

BB&T doles out $1.45 million in grants to cities, colleges, organizations - Allentown Morning Call

Bernie Story, foundation president and CEO, said the BB&T money — unlike most of the 225 funds the foundation administers as endowments — is ...

 

BB&T doles out $1.45 million in grants to cities, colleges, organizations - Allentown Morning Call

PHOTO GALLERY: BB&T Bank and Lehigh Valley Community Foundation officials announced that a $250,000 grant for redevelopment of the ...

 

Lehigh Valley organizations receive $1.45 million in grants from BB&T Economic Growth Fund - PR Newswire (press release)

... these important investments in the growth of the Lehigh Valley," said Bernie Story, president and CEO of the Lehigh Valley Community Foundation.

 

Why a $200K grant means so much to the Easton aquarium plan -lehighvalleylive.com

That's why Easton Mayor Sal Panto Jr. was so grateful Thursday to the BB&T Economic Growth Fund at the Lehigh Valley Community Foundation.
 

Lehigh Valley organizations allotted $1.45 million to spur economic growth - Lehigh Valley Business

Caption: BB&T Economic Growth Fund at the Lehigh Valley Community Foundation awarded $1.45 million in grants to organizations across the Valley ...

 

Partner News

 

BB&T Economic Growth Fund Announces $1.45 Million in Grants for Lehigh Valley Organizations – LVEDC News June 30, 2017

 

NCC Receives Grant from BB&T Economic Growth Fund ...

NCC Receives Grant from BB&T Economic Growth Fund ... from the BB&T Economic Growth Fund at the Lehigh Valley Community Foundation.

 

Ben Franklin TechVentures Expansion Receives $100K BB&T Grant ...

Ben Franklin TechVentures Expansion Receives $100K BB&T Grant ... has received a $100,000 grant from the BB&T Economic Growth Fund, a donor-advised charitable fund of the Lehigh Valley Community Foundation.
 

Former Allentown Metal Works Site Rehabilitation Project Receives ...

BB&T Economic Growth Fund provides funding boost to advance project On ... The Lehigh Valley Community Foundation and Berks County ...
 

BB&T donates $100K to Lehigh County, LCTI for scholarships - Lehigh ...

BB&T officials on June 29 presented Lehigh County and Lehigh Career ... through BB&T's Economic Growth Fund at the Lehigh Valley Community Foundation.

Grant Received for Allentown Metal Works Site > AllentownPA.GOV

Grant Received for Allentown Metal Works Site ... check from the Lehigh Valley Community Foundation via the BB&T Economic Growth Fund.