“Thanks to Finance Fund for being willing to see the future with us,” said Wilmington College President Jim Reynolds to a maximum capacity crowd at the Wilmington College Sports Science Center opening celebration last weekend. He noted that this is the first new building on the campus in 50 years.
Finance Fund provided $10 million in federal New Markets Tax Credit (NMTC) financing to attract private equity investment from Capital One into the project. It was such a pleasure joining the college and community leaders, funders and partners to celebrate and commemorate realization of a shared vision for this state-of-the-art facility. This all-inclusive complex stands at the intersection of medical, athletic, recreational and educational opportunity for the region.
- It improves access to health care for southwestern Ohio residents and enhances the college’s nationally prominent athletic training program.
- In addition, it will serve as an economic engine for the region that provides jobs for area residents, and attracts student-athletes and medical students seeking academic and medical skills training.
Large scale projects such as this are made possible through collaboration and partnerships between the public and private sectors in service to the public interest. These partnerships not only make funding available to move vital projects forward, but also enable partners to share risks, realize potential and generate returns on investment.
Oftentimes, community and economic transformation are made possible through innovative efforts from the private sector combined with responsive policies from governments and support from nonprofit organizations.
Together we can solve problems, capitalize on opportunities and leverage all the capabilities of diverse contributors to arrive at places such as this.
The Wilmington College Sports Science Center is certainly something to be proud of. Its roots are deep in the Wilmington community and it will have a positive lasting impact on this region far beyond its walls.