Reading CollegeTowne initiative takes first step
Alvernia University expands into downtown Reading after entering into a letter of intent agreement for a location on Penn Street as the genesis for the Reading CollegeTowne strategy. The site is the former CNA building, located at 401 Penn Street.
“Partnerships and collaborations over several months with multiple parties have brought us to this spectacular win-win situation,” said Alvernia President John R. Loyack. “This is what Reading CollegeTowne is all about—everyone working together,” he added.
Alvernia serves as a strategic enabler in the Reading CollegeTowne model, which includes engagement, student housing, a student-centered business incubator, academic programming and buildings. Alvernia’s recently re-imagined O’Pake Institute for Economic Development and Entrepreneurship will be the catalyst for educational and business expansion in downtown Reading.