The Erie Downtown Development Corporation announced a big investor Wednesday to their organization and Equity Fund.

The Plastek Group says they will provide a $150,000 grant to the EDDC, and a $2.5 million investment in the Erie Downtown Equity Fund.

The EDDC's goal is to increase the number of residents and businesses downtown, while improving quality of life.

Plastek Group is based in Erie, and manufactures and supplies plastic needs worldwide.

Their contribution brings the total investment of the EDDC to $2.68 million and the Equity Fund to more than $27 million.