Franklin Savings Bank presented PermaCityLife with a $30,000 donation to support their efforts to revitalize Franklin’s historic downtown corridor. The group recently acquired seven buildings, all located along Main Street in Franklin. PermaCityLife is working with a number of potential tenants who are excited to bring their businesses to Franklin and be a part of the redevelopment of this great mill city.

“Within the last two years, we have seen progress in downtown Franklin with the revival of two buildings and a storefront – all within a few steps of our main office,” said Ron Magoon, President and COO. “We are proud to be part of the progress being made through PermaCityLife’s vision and look forward to the culmination of their efforts on these projects.

“It will be nice to see Franklin return to the great little city it once was, where people will want to spend time enjoying all that it has to offer. There is a growing sense of pride and community that is simply wonderful to see and feel.”

Formed in 2014, PermaCityLife is a nonprofit organization with a vision to create positive and sustainable economic growth in downtown Franklin. Part of this includes preserving Franklin’s historic storefronts and mill buildings.

Franklin Savings Bank is proud to support the group’s vision by partnering to provide $1.3 million in financing to assist with developing specific real estate projects to preserve the history and culture of the city.