Erie's Efforts to be Highlighted at National Opportunity Zone Investor Summit
The Erie Downtown Development Corporation, Erie Innovation District and Flagship Opportunity Zone Development Company have been invited to the first, national Opportunity Zone Investor Summit next week.
More than 300 public officials, financial investors, philanthropic institutions and community leaders from across the country will attend the summit Monday, March 18 at Stanford University in Palo Alto, Calif.
The day will consist of meetings, breakout panels and discussions on how to bring money to underserved communities.
Work to attract investment into downtown Erie will also be highlighted as a national model, according to a news release.
“The investor summit raises Erie’s national profile, and directly connects deal makers with investment opportunities in the local community,” said John Persinger, CEO of the Erie Downtown Development Corporation, who will speak on a panel about “Creating New Economic Development Institutions for Cities."
The Erie Innovation District and its mission will also showcase its role in shaping smart city and digital infrastructure, as well as attracting outside startup companies to plant their roots in downtown, the news release said.
The Flagship Opportunity Zone Development Company, or “The Flagship,” which was recently created by the Erie Regional Chamber, will also tell its story at the summit. It was created to centrally organize a portfolio of projects and attract investment to Erie's eight designated opportunity zones.
“We’re looking forward to connecting with investors and social impact organizations and continuing to build our network," said Brett Wiler, direct of capital formation for The Flagship. "We feel we have a compelling story to tell – that Erie, Pennsylvania has the market momentum, institutional capacity, and diverse portfolio of projects that Opportunity Zone investors are looking for.”