Pittsburgh

BNY Mellon is pushing money up the Hill

8 October, 2008 (11:26) | Pittsburgh

From news release:

"The Bank of New York Mellon has announced that it will contribute $3 million over a six-year period to Pittsburgh’s Hill District community through Pennsylvania’s Neighborhood Partnership Program (NPP). The program will focus on education, job training and community revitalization for residents of the Hill District, which is near the company’s downtown Pittsburgh campus.

Also supporting the One Hill Community Benefits Agreement are the Pittsburgh Penguins, the city’s champion ice hockey team. "We are deeply honored to invest in a neighborhood with a noble history and promising future," said Vince Sands, Chairman, BNY Mellon of Pennsylvania. "With more than 6,800 employees located within a mile of Centre Avenue and Crawford Street, and many of them volunteering in the Hill District and surrounding communities, we are both a corporate sponsor and an involved neighbor."

Hill House Association will serve as the NPP program administrator and will work with the One Hill Coalition, which represents more than 100 community groups assembled to identify and prioritize strategies for revitalizing Pittsburgh’s historic Hill District. The NPP funds will address community needs ranging from job training and education to community improvements and social services.

"BNY Mellon has a strong history of supporting Pittsburgh’s neighborhoods; but never more than today with this unprecedented commitment to the Hill District," said Carl Redwood, chairman of the One Hill Coalition. "The BNY Mellon commitment gives the One Hill community benefits agreement a strong early start in the efforts to revitalize the Hill."

"BNY Mellon’s initial commitment is for six years, but its impact will last for decades to come," said Evan Frazier, Hill House Association president and CEO. This is a great example of what’s possible when communities, companies and public officials come together for the collective good."

"Fundamentally, good business decisions are also good community decisions," said David Morehouse, Pittsburgh Penguins president. "The BNY Mellon commitment is a significant investment in the Hill District and a very positive local development."

"We are working together to make sure that the millions of dollars of new development under way translates into job opportunities and long-term neighborhood revitalization for the residents of the Hill," Mayor Luke Ravenstahl said. "Working with residents and committed businesses, a new, better city will be built on the Hill.""

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