Wakerly Family Foundation awards grant supporting Loyola's York Road revitalization efforts
Loyola’s Sellinger School of Business and Management has received a $20,000 grant from the Wakerly Family Foundation to support its community revitalization efforts along Baltimore City’s York Road/Govans commercial corridor.
The grant will help fund a part-time internship for a Loyola undergraduate in the business accelerator the University recently established in partnership with venture capital firm Wasabi Ventures. This intern’s primary responsibility will be to help build capacity for the Govans Ecumenical Development Corporation (GEDCO)—a community organization active along the corridor—to provide much-needed services in the neighborhood by helping to develop a strategic plan for GEDCO, identify potential angel investors, develop GEDCO’s Career Resource program, assist in developing sustainability efforts, and develop marketing materials for the organization.
“This new effort marks a major step forward in our efforts to renew the business climate within the York Road corridor,” said Karyl B. Leggio, Ph.D., dean of the Sellinger School of Business and Management. “In what we believe to be a first of its kind in the nation, the business accelerator has a dual mission of operating as a traditional high-tech business incubator while simultaneously serving as a launching pad for ‘Mom and Pop’ community-based small businesses and organizations to be located within the corridor.”
The grant will also support a second part-time, undergraduate internship focused on Loyola’s broad efforts to strengthen the commercial corridor in the York Road communities, including assisting the University’s Americorps volunteer with support for the Govanstowne Farmers’ Market and other strategies designed to address the ‘food desert’ that persists in the community. The intern will also conduct a needs assessment and marketplace review for potential new businesses to be located in the area.