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UVA/Weldon Cooper proposes Innovate Petersburg community investment fund to channel new revenues into strategic projects
Summary
A Weldon Cooper Center report proposed creating an Innovate Petersburg fund that would direct a council‑designated share of new local revenues into strategic neighborhood, workforce and economic development projects.
Brian David of the Weldon Cooper Center (University of Virginia) presented a proposed Innovate Petersburg community investment fund Sept. 2, a blueprint for directing new, project‑specific local revenues toward neighborhood investments, economic development and workforce initiatives.
David told council the fund would rely on three pillars—community participation, transparency and disciplined fiscal management—and be…
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