Businesses like Bridging the Gap Development, Dauntless Boutique, E Properties and Development, Glenn’s Cookies and KMJ Metalworks indicate a healthy community and bring hope to the region reflecting a much better future than what has been portrayed lately by political candidates are the sentiments of the leadership of the region’s Bridgeway Capital.
During the 26th anniversary celebration of Bridgeway Capital Mark Peterson, president and CEO, said the entrepreneurs and leaders saluted represent hope that they can better their lives and the future of their families and the community around them.
“Their resilience and initiative are our best answers and we are honored to tell their stories that represent hope to Western Pennsylvania. Their stories displaying character, opportunity and perseverance have inspired us to invest and we are very grateful for the quality of our clients, their vision and hard work,” said Peterson.
Calculated as a very good year, Peterson reported that in 2016 they invested eighteen million dollars in 63 small businesses inclusive of startups, 23 nonprofit organizations and in 26 community development projects. With only a one percent loan loss for the year he views their investment as energizing the local economy and serving citizens.
Established in 1990 as a housing and social service lender under the name of the Community Loan Fund of Southwestern Pennsylvania, the name was changed in 2008 to Bridgeway Capital. Its mission is to make western Pennsylvania a thriving region for all by promoting economic opportunity and community revitalization. Bridgeway assists underserved populations by providing capital and education to ignite business and job growth, develop communities, support entrepreneurs and expand vital services that strengthen the region.