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.
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.
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.
There’s no bridge or street in Homewood named for Sarah Bradford Campbell, but there probably should be.
For decades, Mrs. Campbell was a champion for racial justice and social change, who bolstered her hardscrabble neighborhood and its residents through decades of perseverance and hard work -- much of it unpaid. At least, in dollars.
On Oct. 17, a new experimental store specializing in artisanal furniture and homeware will open in Downtown Pittsburgh. The store is PG&H, and it’s the latest push to bring retail back to downtown Pittsburgh.
After completing a successful 2018, the board of directors and staff of Bridgeway Capital are preparing for 2019. “The results Bridgeway achieved this year are significant and inspire us to do more,” said Mark Peterson, president and CEO. “In 2019, we will continue to use our resources to connect communities that have been left behind by the mainstream economy.”
PG&H is the brainchild of the Pittsburgh Downtown Partnership, in collaboration with the Richard King Mellon Foundation and the MONMADE trade group by Bridgeway Capital. Kelly Sanders and Monica Yope, who own love, Pittsburgh, came on board to manage the day-to-day operation.
The YMCA of Greater Pittsburgh is partnering with Action-Housing to renovate its historic branch on Centre Avenue in the Hill District where it provides single-room housing for low-income men.
Sara Eve Rivera has grown tired of paying rent and weary of commuting from her Garfield home to PMA Tattoo, a shop she owns in Dormont. In considering a move, she envisioned a retail space with adjacent living quarters in a location “where I could really put roots in and have my personal life and business life invested in the community.”
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.
Located at 7800 Susquehanna St., the maker and manufacturing movement based in Homewood brought together a group of individuals and programs that are not just amazing for Pittsburgh, but nationally pretty impressive, Wallace says.
Beaver County native Ian Rosenberger is turning garbage into jobs for local residents at 7800 Susquehanna Street - an old Westinghouse factory in Homewood - one of Pittsburgh’s poorest neighborhoods.