Bruce and Sue Fritz of TRICOR Insurance Make Generous Donation To City of Lancaster

Bruce and Sue Fritz of TRICOR Insurance plan to donate $1 million to the City of Lancaster in hopes of stimulating housing and business creation. The couple presented a proposal to the Lancaster Common Council on Monday night for the creation of the “It’s a Great Day in the City of Lancaster Fund,” which council members approved unanimously. The dollars are to be allocated for projects within the city limits, including the construction of affordable condos and multi-family homes and the launch or expansion of businesses, with a focus on manufacturing and agriculture. The fund also can be used to pay for land acquisition for businesses or business parks and to provide incentives for workers to relocate to Lancaster. The Fritzes have been involved in numerous community development initiatives, including the construction of a 52-room hotel that will be located near downtown Lancaster. Dollars from the Fritz’s generous donation will be available for use after they transfer the money later this year or in early 2021.