The Catalytic Fund, a Northern Kentucky-based real estate development financial institution, is undergoing its first leadership transition since its founding in 2008. Effective July 1, Bernie McKay will become chairman of the board, succeeding founding chair Chuck Scheper. McKay currently serves as president and CEO of the Carol Ann and Ralph V. Haile, Jr. Foundation. […]
Tag: Catalytic Fund
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First look: OneNKY Center development passes the halfway mark
Sitting next to the Ohio River, just feet from the Roebling Bridge, is what BE NKY President and CEO Lee Crume calls the region’s future. “You’ve got the resources of the entire community right at your footsteps,” he said. “We like to think it will be the future front door of the Northern Kentucky community.” FIRST LOOK […]
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Donna Salyers honored with award for exceptional contributions to community
Fabulous Furs founder Donna Salyers was given the Pioneer Award by the Kenton County Fiscal Court on Tuesday night. The Pioneer Award honors Kenton County residents who have a record of demonstrating outstanding service within the community. “We want to say thank you for representing the region so well and setting a standard by which, as […]
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Central Bank boosts investment in Catalytic Fund
Lexington-based Central Bank is upping its investment in the Catalytic Fund with a new commitment of $1 million. The Catalytic Fund, a Community Development Financial Institution, is a private sector, not-for-profit entity that attracts quality place-based investments to Northern Kentucky that result in regional economic development and local community development. Central Bank was one of […]
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Vacant buildings in Ludlow/Newport get new life from urban revitalization grants
Duke Energy and the Catalytic Fund distributed grants to restore three properties, one in Ludlow and two in Newport. The program, launched in 2011, has distributed over $3.3 million to more than 100 grantees across Greater Cincinnati. The grants typically provide funding for pre-development costs and serve as catalysts for further economic development in the […]
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WesBanco joins Catalytic Fund of NKY with $500k commitment
WesBanco Bank joined the Catalytic Fund of Northern Kentucky with a commitment of $500,000 for community development. The Catalytic Fund uses this capital to make non-traditional investments in underutilized sites and buildings to attract economic development to Northern Kentucky and execute high-impact community development projects. “We are honored to add WesBanco as a Catalytic Fund […]