It looks like Port Covington is going to move forward. The Kevin Plank-backed firm behind the redevelopment of Port Covington agreed with the city and the community group BUILD to provide funding for neighborhoods, workforce development and jobs around the city. There are $135.9 million worth of community benefits in the deal. Here’s what’s in it, according to a summary:
$25 million for youth and workforce development including a workforce development training center, funding for the city’s YouthWorks, scholarships for city school students, the East Baltimore Recreation Center and other education and after-school programs.
$10 million in venture funding or equity fund investment for early-stage startups owned by women and minorities. That includes a microlending program to provide 0 percent loans to local entrepreneurs.
READ FULL ARTICLE HERE
