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2023 Community Investment Annual Report
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2023 Community Investment Annual Report
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5/10/2024 11:26:41 AM
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2 <br /> L r <br /> EXECUTIVE DIRECTOR <br /> 'NW - <br /> Dear Neighbor, <br /> In 2023, the Community Investment team <br /> helped to lay the groundwork for projects that <br /> will transform the landscape of South Bend <br /> throughout our city's neighborhoods <br /> These projects include unprecedented <br /> investments in our downtown though the Four <br /> Winds Field expansion, Madison Lifestyle District, <br /> c '. <br /> and new Memorial Hospital Patient Tower. <br /> They also include the new visions for Martin <br /> Luther King Jr. Dream Center and Kennedy Park, <br /> cleanup of the Drewrys site, and support for <br /> incremental developers who help to re-knit the <br /> fabric of our neighborhoods. <br /> To be truly successful, all projects must reflect community input captured <br /> through our neighborhood planning processes and engagement with <br /> neighborhood associations. <br /> Ensuring our neighborhoods are safe, clean, and prosperous - and that <br /> changes are resident-driven - is core to Community Investment's mission. <br /> During 2023, our team: <br /> • Issued more than $5 million in low-interest loans to support the growth of <br /> small businesses,two-thirds of which are minority-owned. <br /> • Unlocked more than $375 million in private investment through issuance <br /> of new tax phase-ins and created or retained more than 3,000 jobs from <br /> businesses that received tax-phase ins previously. <br /> • Facilitated the adoption of 390 animals at the South Bend Animal <br /> Resource Center <br /> • Leveraged more than $4 million in private investment to bring new homes <br /> to the City's urban neighborhoods through the City's infill development <br /> program. <br /> Filed in Clerk's O((ice <br /> Ci Bianca Tirr,cic, <br /> DEPARTMENT OF COMMUNITY INVESTMENT h'Clerk, South auto, IN <br />
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