The Company quietly began
raising money for the purchase and renovation of a building
more than five years ago. The support of the City of Providence
and individual members of the City Council proved pivotal
to the project. Approximately 40% of the total cost to purchase
and renovate the property has been funded by these government
sources and public funds. Recently, U.S. Senator Jack Reed
(D-RI) awarded a grant through congressional economic development
initiatives towards the PBRC project. He commended the Black
Rep for “illuminating the soul of humanity.”
Moreover, the Black Rep has been so fortunate to secure the
moral and financial support of some of the state’s most
significant corporations as Textron, KPMG, and Home Loan and
Investment Bank, just to name a few. In the first year of
The Campaign for the Black Rep, 11% of the total cost to renovate
the property would be funded by these corporations. By the
same token, corporate foundations through Amica Insurance
Companies and the Providence Journal would fund 4% of the
project. Steady support by charitable individuals is expected
to grow throughout the next stages of the campaign. |