Saturday, May 26, 2018
One of America's Great Newspapers ~ Toledo, Ohio


East Toledo community group going out of business

The River East Economic Revitalization Corp., a longtime community development corporation based in East Toledo, will shut down Thursday, the agency announced.

River East, which was founded in 1974 to serve as an economic development and planning agency, has been one of about 15 CDCs receiving federal funding funneled through the Toledo mayor's office and city council.

“Following the city of Toledo decision to discontinue funding of River East in 2008, from the federally funded Community Development Block Grant program, River East began the process of liquidating assets,” the agency's board of directors said in a statement.

“These commercial and industrial properties had been acquired with the intent and focus of achieving the mission of the organization, which was to retain and attract new employment opportunities.”

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2018 Toledo Blade

To Top

Fetching stories…