Overview

Why are you interested in becoming a Trustee?

Allegheny County Economic Development is eager to become a Kiva Zip “Trustee” and serve as a bridge between Kiva and the entrepreneurs and/or small businesses in Allegheny County whom are searching for economic support for their projects. Allegheny County supports entrepreneurs who want to invest in and grow with their community. We see the KIVA model as a creative tool to bring communities together for a common goal to improve the local economy.

What is the mission of your organization?

Allegheny County Economic Development (ACED) manages economic and residential development for the County, a dynamic, multifaceted mission that includes these objectives: Attract new business to the County. Help businesses and institutions already here expand, modernize and create jobs. Acquire and assemble sites for development and redevelopment. Assure that minority, woman-owned, and disadvantaged businesses participate fully in the County’s growth. Help residents, developers and nonprofit agencies increase the stability of the County’s residential neighborhoods. Support homeowners in the acquisition and renovation of their dwellings. Improve the County’s housing stock. Ensure the vitality of neighborhood business districts. Aid the County’s municipalities in updating infrastructure, including sewer and water systems, highways and recreation amenities. Provide leadership for special projects, such as the community’s response to natural disasters. Monitor and report on the compliance status of all projects and programs with Federal or State support.

Borrower Due Diligence

How will you decide who to endorse as a borrower? What due diligence will you conduct?

ACED will recommend borrowers whom businesses have an impact in our local community. We conduct a cursory review of business finances and business plans as a part of the vetting process. Finally, we will work closely with community organizations that can provide positive feedback about the borrower. Basic business plans, financial statements and letters of recommendation from community organizations are our basic tools to endorse a borrower.