KeyBank donation gives boost to new businesses in low-income areas
Rochester, N.Y. (WHAM) - A donation from KeyBank Foundation is helping to give a boost to new businesses in low-income areas of Rochester.
On Tuesday, KeyBank donated $50,000 to OWN Rochester, a community-led non-profit organization established to coordinate and support worker-owned businesses that are just starting up.
The money will be used to help establish those businesses in some of Rochester's lower-income communities.
The Canal Side Business Center on Lyell Avenue is one of those businesses involved with the OWN Rochester organization. The building is now owned by Dennis Maguire Properties, but is being retrofitted with LED lights by ENEROC, one of the businesses transitioning to worker-owned cooperatives.
OWN Rochester is working with the Rochester Monroe Anti-Poverty Initiative (RMAPI) to help develop businesses. CEO Kate Washington said their goal is to create create living-wage jobs and help revitalize neighborhoods in low-income communities.
"Few projects align so many of the key strategies in a sustainable way that does not require ongoing government involvement or subsidy," Washington said. "By providing engaged neighborhood workers the opportunities to become owners, the workers are invested in the success of the businesses they create, participate in its governance and invest in the community."
More information about OWN Rochester can be found here.