ECGRA and Bridgeway Capital invests $5 million in minority entrepreneurs

YOUR ERIE - It's a groundbreaking investment that will help minority businesses in Erie county shatter glass ceilings. Officials from ECGRA and Bridgeway Capital announced the Erie Inclusive Fund, a $5 million program that wants to elevate minority businesses in our area. This investment will support the expansion of the successful Erie Urban Entrepreneur Program.

Mover of the week Jimmy Jackson, Erie Office Director, Bridgeway Capital

ERIE TIMES - James “Jimmy” Jackson has been named director of Bridgeway Capital’s office in Erie. Jackson will lead Bridgeway’s efforts to provide capital to invest in small businesses, develop communities, increase access to healthy foods and expand social services. Since opening its Erie office in 2012, Bridgeway has invested $20.5 million in northwestern Pennsylvania, lending money to people and organizations unable to obtain conventional financing.

Bridgeway Capital names Jimmy Jackson as its Erie Office Director

Erie, Pennsylvania – November 14, 2018 – Bridgeway Capital announces that James “Jimmy” Jackson has been selected as the Director of Bridgeway Capital’s office in Erie, PA. Jimmy Jackson comes to Bridgeway from Marquette Savings’ Business Banking division, where he held the position of Assistant Vice President, Business Banking, having extensive experience with business development, relationship management and credit support.

Jimmy Jackson will lead Bridgeway’s efforts in Erie to provide flexible capital to ignite small business growth, develop communities, increase access to healthy foods, and expand social services. Since opening its Erie office in 2012, Bridgeway has invested $20.5 million in people and places in Northwestern Pennsylvania that cannot access mainstream sources of finance.

Qualified Opportunity Zones will offer help to struggling communities, but big questions loom

Investors and community groups around the Pittsburgh region and country are eagerly awaiting guidelines and regulations for the U.S. Department of the Treasury’s Qualified Opportunity Zone (QOZ) program.
The QOZ program was added as a provision on the controversial tax reform bill passed by Congress last year. Under the program, investors would be able to avoid taxes on capital gains by investing those gains into Qualified Opportunity Zones.

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