Jeanne Schroer has a tall task ahead as the executive director of a high-profile group charged with re-energizing Northern Kentucky's urban cities.
Amid the stock market swings, an ailing housing market and lingering recession, Schroer has been on a mission to raise $10 million from private investors to kick off the initial development fund of Catalytic Development Funding Corp.
Launched by Corporex Cos. CEO and chair William Butler in 2007 with a contribution of $1 million, the corporation was created to jump-start redevelopment in Bellevue, Covington, Dayton and Newport. Loans from the fund will be used to help bridge the financing gap that developers often face when taking on riskier and costlier urban residential and retail projects. It's taken nearly two years for Schroer to define the revitalization strategy, align early allies and raise the initial funding support. Now, Schroer says, she's getting close to a major milestone. She spoke with Business reporter Lisa Bernard-Kuhn last week.
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