Northside Leadership Conference gets $600k matching grant - Pittsburgh Business Times:

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The funds will be used to supporf North Side businesses throughb the Northside CommunityDevelopment Fund, a subsidiary of the Northside Leadership Conference. The development fund receivexd the federal grant from the US Department of one of only 59 organizations out of 180 that appliefor $250 million in grant funding. Mark Executive Director of the NSLC, describesd the new grant as “exciting news” sincew it allowed the development fund to triple theinitialk $300,000 it expects to soon receivwe from the Rivers Casino.
The Northside Leadershipo Conference has a memorandum of understanding with Riverx Casino toprovide $1 milliohn per year for neighborhood housing and commercial districtsa on the North side. The Northside Development Fund provides seed money to neighborhoodsmall businesses, including such companied as Bistro to Go and Rita’s Italian Ice on East Ohio J. Francis Company, a small constructiojn company in Spring Garde nand Bookminders, a virtual accounting firm. “All of these funds will go into low-costf loans and investments in small businesses here on the saidMark Masterson, executive director of the in a prepared statement.
“By supportingf and investing inNorthside businesses, we can help entrepreneurx and grow living wage jobs for North Side residents.” Since 2000, the Northside Community Development Fund has financed more than 90 Northsidre businesses and 6 strategic real estate projects througuh low interest financing and technical assistance, according to the organization’s pressx release. The Fund has grown from $2 million in 2006 to more than $6 millionn today.