Bedford’s Russell House to be renovated
Historic building will become business and education center
WASHINGTON, D.C. — The U.S. Department of Commerce’s Economic Development Administration Friday awarded a $616,758 grant to the Bedford County Chamber Foundation of Alum Bank to renovate and repurpose a historic building to serve entrepreneurs, businesses, nonprofits and students from the region.
The project is expected to create 30 new jobs.
“We commend the Bedford County Chamber Foundation for championing entrepreneurship to fuel economic growth,” said Deputy Assistant Secretary for Regional Affairs Dennis Alvord in a statement. “This project will help provide critical support services small businesses need to grow and thrive.”
The grant will assist in renovating the historic Russell House building in Bedford, to establish the Russell House Business and Education Center. The new facility will serve as a business incubator by providing office space to entrepreneurs. This project was made possible by the regional planning efforts led by the Southern Alleghenies Planning & Development Commission.
EDA funds the Southern Alleghenies Planning & Development Commission to create an economic development roadmap to strengthen the regional economy, support private capital investment and create jobs.
This project is funded under the 2018 Assistance to Coal Communities program, through which EDA awards funds on a competitive basis to assist communities severely impacted by the declining use of coal.