Lenders with a social mission step up to help small businesses survive COVID-19

"With 11 employees on her payroll and desperate for cash flow, Ms. Flanagan on Wednesday morning called her lender, Bridgeway Capital. By that afternoon, Bridgeway had decided to waive payments on Community Kitchen’s five-year $150,000 loan for three months. Nonprofit lenders like Bridgeway, with a deep social mission to support businesses in the Pittsburgh region, were among the first to offer relief to small enterprises that have been smacked hard by the economic fallout."

Beyond the aesthetic value of work by local makers, Katie Schaible, design and development specialist at Monmade, pointed out that buying items like light fixtures and bar tops from makers with fully local supply chains can help a development qualify for LEED certification.

"Beyond the aesthetic value of work by local makers, Katie Schaible, design and development specialist at Monmade, pointed out that buying items like light fixtures and bar tops from makers with fully local supply chains can help a development qualify for LEED certification."

Out of the fire, into the frying pan

"Both of the non-profit organizations in this joint demonstration — Culinary Kitchen and the Trade Institute of Pittsburgh — provide tuition-free, 12- week workforce training to those facing employment challenges such as conviction records, lack of education or training, substance abuse, and/or family financial challenges. Both are funded by federal dollars and revenue generated through sales of goods and services performed by program trainees. And both, in Miller’s view, are “changing lives one person at a time and providing a really valuable service to the Commonwealth by helping the individuals that we serve to gain living wage jobs and, ultimately, transition off of public assistance.”"

In Modernized Airport, Less Anxiety and More Inspiration

"In December, members of the architectural team designing the new terminal and multi-modal complex set to open in 2023 toured the studios of a local craft business accelerator to meet artists, furniture designers and small-batch manufacturers. They wanted to see, touch and experience these possibilities in real life."

Federal commission awards $8 million to boost economic development in coal regions of Pennsylvania

Sixty-five new businesses and 200 new jobs are expected to be created through a $1.22 million grant to Bridgeway Capital that will create the Western Pennsylvania Entrepreneur Diversification Fund. The grant and $5.6 million from private investments will fund counseling, business development workshops, a regional business incubator and provide grants to entrepreneurs.

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