PIQUA — Recognizing the need to support and assist with the redevelopment of abandoned and vacant buildings, properties, and brownfield sites, community leaders have established the iPIQUA Fund. To date, $800,000 has been raised or pledged, and organizers are confident they will reach a year-end goal of $1 million.
The mission of the iPIQUA Fund is to accelerate Piqua’s renaissance through targeted capital investments in catalytic real estate development or redevelopment projects in the city’s downtown and surrounding neighborhoods. This includes providing gap financing and other forms of financial support for projects that, if not for the fund, might otherwise not happen.
A particular focus of the funds will be projects that advance growth and redevelopment opportunities that:
• Promote the redevelopment and reuse of vacant or underutilized industrial, institutional, and manufacturing buildings and real estate to retain and attract businesses, jobs, services, and economic opportunities for Piqua residents.
• Enhance the downtown area, major entryways, and public or private places of interest within the community to preserve and enrich Piqua’s smalltown character and sense of community pride.
• Encourage downtown building renovations and infill development that provide quality retail, office, dining, entertainment, and lodging opportunities for residents and visitors.
• Renovate vacant downtown building spaces and existing structures in surrounding neighborhoods to offer a diverse mix of living unit types and price ranges that excite the repopulation of the downtown core.
Thanks to the leadership and generosity of Jim and Joe Brown, Tim and Nancy Johnston, McColloch-Baker Insurance Services, Joe Drapp, Unity National Bank, Daniel and Margaret French, Ben Scott Sr., Koverman Staley Dickerson, Jeff Hemm, and Mimi Crawford, the current fund balance has been raised in just a few months.
“If we are going to do this, we need to do it right. That means making sure we have the funds necessary to get the job done,” Brett Baumeister, president of Unity National Bank and iPiqua Fund board president, said. “We appreciate the leadership of the donors who have contributed to date and challenge others to get behind this important community investment initiative.”
Contributions to the iPiqua Fund come solely from private sector businesses and individuals. To learn how you can participate, please contact Baumeister at (937) 615-1022.