U.S. Bank donates $1M to NKY development effort

U.S. Bank will invest $1 million in the Catalytic Development Funding Corporation of Northern Kentucky, an initiative aimed at helping to revitalize Northern Kentucky’s urban core.  The commitment brings the fund to $8.5 million. The fund needs $10 million before beginning its investment activities.  "We are proud to partner with The Catalytic Development Funding Corp. of Northern Kentucky in supporting improvement efforts and redevelopment projects for our urban communities," Dan Groneck, president of U.S. Bank's Northern Kentucky market, said in a news release. "These revitalization initiatives will strengthen our neighborhoods and business districts, which will lead to the attraction of new residents and create new jobs."  Read the full story here.