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News Archives

90 Million is a lot of anything to imagine

This week, The Progress Fund counted up 90,000,000 in dollars.  That cosmic-sized number equals the total dollar amount of loans we made since we started lending in 1997.  Back then, we started the organization with a lot of imagination and just a few dollars.  Frankly, 90,000,000 was beyond our imagination, but we are proud to have reached. If 90,000,000 is … Continue reading

See behind the construction fence

Since 2018, we have been working to reopen the Historic Hazelwood Brewery as a beer drinkers destination.  Yeah, its taken longer than expected.  Real estate projects creep more than they run.  COVID didn’t help and this is no small project.  It involved a lot of property acquisition, community outreach, planning and more planning, lots of permits, and the complete rehabilitation … Continue reading

2021 Preservationist of the Year

We are honored to announce that our President & CEO, David A. Kahley, was named the “2021 Preservationist of the Year” by the Young Preservationist Association of Pittsburgh.  The announcement was part of the annual award program of the Young Preservationist Association (YPA) that was virtually released on December 21, 2021.  The announcement of the Preservationist of the Year begins … Continue reading

A congratulatory note from the President & CEO

The Great Allegheny Passage Conservancy (formally the Allegheny Trail Alliance) and Fourth Economy (an economic development consulting firm) deserve a standing ovation for their just released Economic Impact Report on the Great Allegheny Passage. If you are interested in outdoor recreation, environmentally sustainable development and Trail Towns, I suggest you dig into their Impact Report.  I have seen thousands of … Continue reading

April Relief Payment

The Progress Fund was mentioned in the Tribune-Review article “Allegheny, Westmoreland groups offer help to region’s small businesses during tough time” published on Wednesday, March 18, 2020.  Read the full story.

“To Infinity and Beyond!”

Riley’s Pour House takes us to the top We are numbers people, numbers enable us to measure results. So, $75,000,000 is a big important number to us. With our recent loan to Riley’s Pour House in Carnegie PA, The Progress Fund has made over $75,000,000 loans to small businesses across Pennsylvania, West Virginia, Maryland and Ohio. The results from those … Continue reading

Related Project: Riley's Pour House

Nonprofit funders are growing craft beverage producers in Appalachia

Our Craft Beverage Fund supports budding local brewers, distillers and winemakers. Because we’re a nonprofit, we can give tastemakers extra help with uniquely designed terms to grow their boozy business. We can accept offbeat collateral like grapevines or bottle labels, and help beverage makers get more funding for better equipment or the freshest, more high-quality ingredients— so they can craft every sip. … Continue reading