We often talk about the importance of relationships in the work we do. In this business, relationships aren’t just about networking, shaking hands, or exchanging business cards. Relationships are about bridging the gap between people and opportunities, solving problems, advancing initiatives, and creating win-win situations for everyone involved.
Sometimes, that one introduction can unlock something magical for an entire community, or even a region.
One example of the power of relationships is the work to restore and reopen the First Bank of the United States in Philadelphia.
The bank, which was built in 1797, played a significant role in the creation of this country’s financial system. For years, however, the historic building sat in need of substantial renovations. To address the needs, the Independence Historical Trust launched an ambitious $35 million restoration campaign in 2017. The goal was to preserve the landmark and create exhibits that tell the story of the nation’s financial history.
A critical turning point for the project came when Governor Tom Wolf awarded a $10 million Redevelopment Assistance Capital Program (RACP) grant. According to Independence Historical Trust Executive Director Tom Caramanico the grant was a true game changer.
“The state’s investment provided not only funding, but momentum,” said Caramanico. “Having the state helped to elevate the project’s credibility and strengthened philanthropic outreach efforts. This also helped secure additional investments needed to move the restoration toward completion.”
Triad was proud to play a role in helping advance the effort through our relationships and our understanding of the state’s RACP processes. We were able to help facilitate conversations with the Pennsylvania Budget Office, including a key introduction to the Budget Secretary.
For us, this project serves as a reminder that impactful government affairs work truly can make a difference. Conversations can move to introductions. Introductions can move to collaboration and solution-finding tactics. Solutions move to investments. And investments move to impact. Together, through the power of relationships, we are strengthening communities and creating opportunities.
The ribbon cutting for the First Bank of the United States is scheduled for July 1, 2026. To learn more, visit https://inht.org/fbus-reopening/.
(Photo courtesy of Carol M. Highsmith – This file was derived from: First Bank of the United States, Philadelphia, Pennsylvania LCCN2011633532.tif, Public Domain, https://commons.wikimedia.org/w/index.php?curid=107823270)
