Rochelle — The Rochelle Area Community Foundation is the recipient of a $30,000 contribution from ComEd to enhance the quality of life in the Rochelle area.
“The Rochelle Area Community Foundation would like to express its extreme gratitude for ComEd’s generous contribution on behalf of the City of Rochelle,” Foundation President Cal Jacobs said. “This will provide funds to continue the foundation’s work now and into the future.”
This contribution follows the City of Rochelle’s sale of its electric transmission assets to ComEd this past summer. As lead negotiator on the transaction, City Manager Jeff Fiegenschuh felt it was essential that in a deal of this size, a contribution be made that benefits residents.
“The Rochelle Area Community Foundation has supported our residents in their greatest times of need,” said Fiegenschuh, referring to both the 2015 tornado and 2020 COVID-19 pandemic. “Our community was top of mind during the negotiation process.”
The transaction created new economies of scale for the city and provided infrastructure needed by large manufacturers to expand or establish a presence in the region.
“Supporting each other is what Rochelle is all about,” said mayor John Bearrows. “I am so pleased we could come to an agreement that benefits the community as a whole.”
In addition to the contribution to the Rochelle Area Community Foundation, ComEd also contributed Community Development dollars to assist in economic growth. Those funds were utilized to establish the small business grant programs to assist owners through the closures related to COVID-19.
The Rochelle Area Community Foundation is a 501(c)(3) nonprofit organization whose mission is to improve the community through charitable giving, encourage a spirit of philanthropy, develop collaborative partnerships and enhance the quality of life in the Rochelle area. To learn more, visit www.rochellefoundation.org.