Erie County creates low-interest fund for minority entrepreneurs

Minority entrepreneurs in Erie County, PA just received an early Christmas present. The Erie County Gaming Revenue Authority is contributing $2.5 million to establish the low-interest loan fund that will be matched dollar-for-dollar by Pittsburgh-based Bridgeway Capital, a not-for-profit lender that will make one percent loans over the next three years with a commitment to invest half in minority-owned businesses. Read more here.

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