6,570,559 Reasons to
#SaveGamingRevenue
#OurErie is Amid a Renaissance

While CBS News would like to tell the story of our manufacturing past and business and job losses, we know #OurErie is in the midst of a renaissance. Local leaders and investors are harnessing Erie's strengths and forging a more advanced, more globally competitive economic future. From transformational investments in our urban core to community revitalization and innovative growth in rural communities, Erie is thriving in ways never anticipated and undetected by naysayers.

The Erie County Gaming Revenue Authority has strategically invested more than $44 million of local share gaming revenue—$6 million just this year—in education, workforce development, neighborhood and municipal innovation, inner-city renewal, business growth, community and cultural assets, and transformational collaboration. Local share gaming revenue is at the heart of Erie County's evolution.

March 27-28, 2017, ECGRA and Team Erie County hosted the Pennsylvania House Gaming Oversight Committee. We presented our 2009-2016 economic impact study and showcased dozens of organizations that are thriving thanks to local share gaming revenue. Team Erie County also clearly and unanimously expressed our goals to make Erie's share whole and to maintain local control of the funds.

Only time will tell if those goals will be met. What we do know is that Erie's unique and effective approach to investing gaming revenue is now being revered by Pennsylvania representatives as the model for the Commonwealth.

As you read through this report, you'll see 6,570,559 reasons why we continue our work to #SaveGamingRevenue. Each and every dollar is worth saving. Each and every dollar is fueling Erie's renaissance, as you can see in the video This is Our Erie on youtube.com.

We urge you to join our efforts. Please write and call your legislators by May 26 and tell them how ECGRA grant money works for an organization you love—everything you need to get started is online at www.ECGRA.org/calltoaction. #OurErie will thank you for generations to come!

 

Sincerely,

David Sample
David Sample
Perry Wood
Perry Wood
Our Mission
A growing movement spearheaded by the Rockefeller, George Gund, and F.B. Heron foundations, impact investing takes into account the social, cultural, and environmental effects of grants and loans, in addition to the financial return. Since February 2008, ECGRA has invested more than $44 million in Erie County in 5 key impact areas, galvanizing nonprofits and small businesses toward economic and community development and elevating our region.
Impact: Municipalities
Impact
Municipalities
$1,519,130
Invested In
Local Government Development and Multi-Municipal Collaboration
Impact: Neighborhoods & Communities
Impact
Neighborhoods & Communities
$95,000
Invested In
Main Street Revitalization and Shaping Tomorrow Initiatives
Impact: Quality of Place
Impact
Quality of Place
$2,762,135
Invested In
Community Assets, Special Events, Human Services, and Lead Assets
Impact: Small Business
Impact
Small Business
$900,000
Invested Via
Ignite Erie
Impact: Education & Youth
Impact
Youth & Education
$869,293
Invested In
Preschool Readiness, Public School Innovation, and Career Readiness and Job Training Initiatives
Assets
Checking Account $19,456.33
Savings Account $13,501,892.15
Accounts Receivable* $2,318,846.25
Prepaid Expenses $8,126.59
Total Assets $15,848,321.32
 
Equity
Beginning Balance $15,418,672.57
Net Income $429,648.75
Grants Issued $6,570,559.27
Community Assets ($151,640.00)
Human Services ($149,761.00)
Ignite Erie ($900,000.00)
Lead Assets ($1,293,626.00)
Lead Assets Endowment ($1,000,000.00)
Local Government Development ($1,353,030.88)
Mission Main Street ($45,000.00)
Multi-Municipal Collaboration ($166,100.00)
School District Foundation Endowment Challenge ($115,143.39)
Shaping Tomorrow Collaborative ($1,000,000.00)
Special Events ($167,108.00)
Special Projects & Pilot Programs ($79,150.00)
Summer Jobs & More ($150,000.00)
Total Equity $15,848,321.32
 
* Includes Ignite Erie Mission-related Investments
Total Invested By Impact
$6.6M
Invested
93 Organizations93
Organizations
136 Grants136
Grants & Loans
Board & Staff Members

Board of Directors

Chair David S. Sample, owner, Corry Lumber Company Inc.
Vice Chair Michael J. Paris, owner, Paris Homes
Secretary David H. Yaple, owner/operator, Pine Avenue and Lawrence Park Dairy Queens
Treasurer Charles J. Peters, managing partner, Altair Real Estate Services
David M. Bagnoni, instructor, University of Phoenix
Dale E. Barney, community engagement and growth specialist, Gateway Health
James T. Domino, president, Domino Insurance Agency
Jay A. Breneman (ex-officio), member, Erie County Council
Gary N. Lee (ex-officio), director of administration, County of Erie
 

ECGRA Staff

Perry N. Wood, executive director
Tom M. Maggio, grants manager
Diane K. Kuvshinikov, executive assistant
 

Many thanks to Consultant Amanda P. Burlingham and Jenny Poff of Presque Isle Designs for helping us showcase the impact of ECGRA grant money at work in Erie County.