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.

Bridgeway gets $1.75 million to invest in small businesses

Bridgeway Capital has received a grant of $1.75 million to invest in small businesses in Western Pennsylvania. The funds were awarded by the U.S. Treasury Department’s Community Development Financial Institutions Fund. Of the total, $1 million is targeted for loans to black-owned businesses that have barriers to obtaining financing; and $750,000 is for enterprises that aim to increase access to healthy foods in communities lacking fresh grocery options.

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