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U.S. Treasury Awards $1,347,000 to The Progress Fund

Greensburg, PA –  The Treasury Department announced an award of $1,347,000 in federal funds to The Progress Fund, which was awarded the maximum offered under this year’s competitive grant process.

President & CEO of The Progress Fund and its Co-founder, Mr. David Kahley said, “We’re honored to have received the maximum allowed under this program. This grant will translate into new jobs in the tourism and agricultural sectors of the region.”

“All these funds will be used to make new loans to entrepreneurs and small businesses”, said Karen Post, Treasurer & CFO and Co-founder of The Progress Fund. “This gives us more resources to help these entrepreneurs and small businesses to grow and create jobs”.

Read the full press release and CDFI Fund Announcement.

Read the Tribune-Review article and Post-Gazette business brief.