OUR IMPACT
Economic Impact of LHVA l Project Lists l LHVA’s Investment in the Community
Economic Impact of LHVA
LHVA’s projects and its grants program are investments in Northeastern Pennsylvania that stimulate the region’s economic development, enhance tourism initiatives, strengthen the capacity of community organizations, and increase the quality of life for area residents.
In 2008, LHVA provided $370,735 in funding support to 64 new and ongoing initiatives that benefited the community. Of this amount, LHVA allocated $201,072 for 11 LHVA projects, and it awarded 53 grants totaling $169,663 to partner organizations. The total project cost for these initiatives, including matching funds raised by the partners, was $1,421,942. In many cases, LHVA funding is the seed money for a project that leverages considerable federal, state, and local support.
LHVA funds projects that are aligned with its mission and goals as found in its “Plan for the Lackawanna Heritage Valley” (1991) and “Management Action Plan and Environmental Impact Study” (2004).
Project Lists
Click on the links below to see a list of projects that LHVA has supported in each calendar year. These include LHVA initiatives and partner projects.
2008 Grants 2007 Grants 2006 Grants 2005 Grants
LHVA’s Investment in the Community
LHVA requires a dollar-for-dollar (1:1) match for all of its grant awards. In some cases, organizations are able to bring additional matching funds to a project, building on LHVA’s initial investment. For example: If LHVA awards $5,000 to a project with a direct project cost of $15,000, the leverage ratio is 1:3.
In 2008, LHVA provided $169,663 in project support to partners. The total cost for these partner projects was $1,220,870, creating a leveraging ratio of 1:7. This means that every dollar that LHVA invested in the community resulted in seven dollars of public, local, and private funding. This leads to a significant and far-reaching economic impact on the region.
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