Business & Merchant

Last Updated on Wednesday, 01 December 2021 22:39

Community Bank Donates $230,000 To Drive Economic Development in The Region

Community Bank and the Mon Valley Alliance are pleased to announce the creation of the Mon Valley Business Resource Center (BRC), a hub for business development, training, support, and incubation for new and growing businesses in the Mon Valley region. Located in a former Community Bank branch office, the BRC will provide a space for businesses to engage with nonprofits, educational and government services, as well as serve as headquarters for the Mon Valley Alliance (MVA) and the Mon Valley Alliance Foundation (MVAF).

Community Bank made a significant $230,000 charitable contribution to the Mon Valley Alliance Foundation by selling the building, with an appraised value of $280,000, to the Mon Valley Alliance Foundation for $50,000.

“The Mon Valley Alliance is extremely grateful to Community Bank for their investment in our organization,” said Ben Brown, CEO of Mon Valley Alliance. “Community Bank has been a leader in this region for decades. Their support of the Mon Valley Business Resource Center is just another example of their leadership, which will enable us to significantly expand our economic development services in the Mon Valley community.”

The Mon Valley Alliance will spearhead the renovation of the building to include conference and training rooms, a hotel style lobby for business meetings, a media room for video and audio production, electronic meeting areas and business support services. Future plans call for a renovated outdoor meeting and networking space to further enhance the usability and streetscape of the property.

“Our commitment to building a stronger community throughout the entire region is perfectly aligned with MVA’s industrial, business, and community development strategies,” said John H. Montgomery, President and CEO of Community Bank. “The business landscape is changing everywhere, which is why we are supporting initiatives like the BRC that will create a more collaborative and cooperative workforce in Southwestern PA.”