Urban renaissance group Catalytic Development Corp. reaches $10 million fundraising milestone

COVINGTON, Ky. (May 11, 2012) – The Catalytic Development Fund Corp. of Northern Kentucky has reached its initial fundraising goal of $10 million thanks to recent investment commitments from PNC Bank and Fifth Third’s Community Development Corporation (CDC).

PNC increased to $2.5 million its initial investment of $2 million and Fifth Third committed $1 million.

“This is a tremendous milestone for the Catalytic Fund and for Northern Kentucky,” said Jeanne Schroer, the fund’s executive director. “We thank PNC, Fifth Third and all of the fund’s investors for believing in and supporting the Fund’s mission and goals and for believing in our community.

The Lane Report

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