Second downtown Dayton investment fund created to fill funding gaps

The newly created Downtown Dayton Investment Fund 2 (DDIF2) has launched “to help businesses, developers and entrepreneurs fill in funding gaps for real estate development and tenant improvements,” the Dayton Daily News reports. DDIF2, which has already raised “nearly half of its $5 million goal,” will support “catalytic projects by offering expanded financial tools, such as debt loan products and tenant improvement assistance,” and is intended to complement the original fund, according to the article. Officials said DDIF2 “will be able to help surrounding working-class neighborhoods and areas near downtown that the city of Dayton has targeted for redevelopment.” For more, read the full article.

Economic Development, Project Finance, State Updates