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Bridgeway Capital, Inc.

707 Grant Street
Suite 1920
Pittsburgh, PA 15219
USA

Contact: Mark Peterson, President
Phone: 412-201-2450
Fax: 412-201-2451
URL: www.bridgewaycapital.org
Email: info2@bridgewaycapital.org
Bridgeway Capital, Inc.

Bridgeway Capital facilitates business and job growth across western Pennsylvania by providing capital and education opportunities for entrepreneurs and small businesses. An economic development institution that supports economic growth throughout 15 counties in western Pennsylvania, Bridgeway Capital offers unconventional, flexible-term financing programs and technical assistance for small businesses. By investing in companies that bring new income into the region and increase employment in low-income communities, Bridgeway Capital focuses on transforming western Pennsylvania into a thriving region. Since inception, Bridgeway Capital has placed 491 loans worth $55.5 million, and has leveraged an additional $201 million.

Program



Client Population

Twenty-one percent of all of Bridgeway Capital's borrowers are low-income applicants. Thirty-five percent of borrowers are women-owned businesses and 26 percent are minority-owned businesses.

Impact

Since beginning to focus on business lending in 1994, Bridgeway Capital has provided almost $44 million in financing to 307 small businesses, creating and retaining hundreds of new jobs. Since inception, Bridgeway Capital borrowers created and/or retained nearly 4,070 jobs. In the last five years alone, 254 business loans injected more than $31 million into the regional economy through established, growing and start-up businesses. By investing in small businesses with capital and tools for business growth, Bridgeway Capital transforms entrepreneurial ideas into economic impact across western Pennsylvania.

Story

Bridgeway Capital, Inc.
Jeremy Resnick believed in a school system that could motivate children from low-income areas to succeed. Propel was started in 2003 with 180 children in a single school in Homestead, located in a basement at the former Homestead Hospital. Bridgeway Capital has continued to support Propel as it has become the largest, fastest-expanding set of charter schools in Pennsylvania. Full Story

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