The Ignite Institute at Saint Peter’s University Receives Seed Fund Grant from SILVERMAN

The Ignite Institute at Saint Peter’s University today announced that it has been awarded with a Seed Fund Grant from SILVERMAN, a Hudson County real estate developer. The Ignite Institute is a Center of Excellence at Saint Peter’s, which was developed through a partnership with Rising Tide Capital, a non-profit organization based in Jersey City which is dedicated to transforming lives and communities through entrepreneurship. Ignite provides thought leadership, academic research and direct educational service for local entrepreneurs. The grant from SILVERMAN will be used as seed money to jumpstart these initiatives.

“We believe that being aligned with SILVERMAN is an ideal partnership because they have done so much to deliberately seek businesses and tenants that bring value to the surrounding neighborhoods,” said Mary Kate Naatus, Ph.D., acting director of the Ignite Institute at Saint Peter’s University. “The events, activities and festivals that SILVERMAN sponsors are building a stronger sense of neighborhood and engaging people of all ages while at the same time highlighting our local entrepreneurs, artists, musicians and community advocates.”

SILVERMAN is a strategic partner of the Ignite Institute and has a mission that is very much aligned with the Institute and Saint Peter’s University, which involves building a better Jersey City and urban community. The grant will be awarded to the Ignite Institute for the next two years.

“We are thrilled to be supporting the new Ignite Institute,” said Paul Silverman, a principal of SILVERMAN. “This grant furthers our mission of entrepreneurial development in our neighborhoods. Strong retail and commercial business lead to exciting, sustainable neighborhoods.”