The Limerick Township Industrial Development Authority (LTIDA) donated a total of $10,000 to five local charities on Tuesday, generated from a conduit financing program.
The authority, comprised of Township Supervisor Joseph St. Pedro, Limerick Tax Collector Ryan Wall, Eugene Dinnocenti, Carmen Italia and Christopher Herring, donated to the Montgomery County Foundation, RSVP, Project Outreach, Mission Kids and the Limerick Elementary Home and School League were recipients this week
The authority was created by the Limerick Township Board of Supervisors in 2006 to serve as a conduit financing instrument to help industrial development in the Limerick area.
"The purpose of the LTIDA is to alleviate unemployment; maintain employment at a high level; created and develop business opportunities; finance certain not-for-profit entities, manufacturing and research and development facilities; and attract these businesses to the greater area, including Limerick Township," according to a release.
In March, the IDA donated the same amount to Royersford Area Community Chest, Project Outreach, Montgomery Foundation, RSVP and Laurel House.