First Commonwealth Bank makes a $500,000 Equity Equivalent Investment in The Progress Fund – a new strategy for Pennsylvania, and a boon for new or expanding tourism businesses. Read the full press release.
Providing a Basis For Renewal (Historic Properties Slated for Rehabilitation)
The Progress Fund and the South Fork Fishing and Hunting Club Historical Preservation Society locate a developer to rehabilitate the resort where the Johnstown Flood began. Read the full press release.
More loans for tourism businesses
The Progress Fund intends to make $1 million in new loans in Fayette County during the year 2000, building on a string of successes. Read the full press release.
The Progress Fund puts money to work for communities
With $1.5 million in new funding, The Progress Fund aims to make larger loans in greater numbers. Read the full press release.
Ridge Administration Announces Community Development Bank Grants
Pennsylvania Lieutenant Governor Mark Schweiker announces $338,000 in grants to Community Development Financial Institutions, including $75,000 to The Progress Fund. Read the full press release.
Allegheny Ridge Corporation approves loan for local grocery
The Progress Fund and the Allegheny Ridge Corporation approve the first loan in a new joint program – this one to the Corner Store and Deli in Hollidaysburg. Read the full press release.
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