Loan at a Glance:
PCG’s work with Reinvestment Fund provides a $1,000,000 pari passu participation in the $5,960,000 loan. This loan funds the acquisition and construction of The Skills Center Collaborative.
Project Summary:
The Skills Center Collaborative will serve as The Skills Center (TSC)'s headquarters and the only facility in East Tampa dedicated to after-school and summer youth programs across a range of sports. Additionally, the construction will become a premier event space for athletic, corporate, and community events as well as a space for four TSC partner organizations: Computer Mentors Group, CDC of Tampa, Girls Empowered Mentally for Success, and Men of Vision.
Borrower Summary:
TSC, a Black- and woman-led nonprofit, is one of Tampa’s most impactful youth development organizations. It focuses on academic and leadership success for children by connecting them with sports and athletic programs. In 2020, TSC served 2,500 youths, with 1,400 qualifying as low-income.
Loan Result:
The project has significant community and local government support consistent with the City of Tampa’s “Transforming Tampa Tomorrow” initiative, addressing systemic inequalities in education, health, and youth job training in East Tampa.