Pittsburgh-region organizations received a portion of $29.2 million in federal funding to boost small businesses in Pennsylvania, the state Department of Community and Economic Development said Wednesday.
Among the 12 organizations given money funded through the Small Business Jobs Act were:
- Bridgeway Capital will receive $2 million to finance 510 small-business loans in western Pennsylvania.
- Northside Community Development will receive $250,000 for five small-business loans on the North Side of Pittsburgh.
- Ben Franklin Technology Development Partners and Life Sciences Greenhouses will receive $5 million and expects to help finance 17 early-stage technology companies.
- The Progress Fund will receive $2 million to fund 40 loans in western and northern Pennsylvania, what the DCED said were tourism-related projects.
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