TribLIVE

| News

 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Progress Fund to get $1.34 million

Email Newsletters

Click here to sign up for one of our email newsletters.

Daily Photo Galleries

'American Coyotes' Series

Traveling by Jeep, boat and foot, Tribune-Review investigative reporter Carl Prine and photojournalist Justin Merriman covered nearly 2,000 miles over two months along the border with Mexico to report on coyotes — the human traffickers who bring illegal immigrants into the United States. Most are Americans working for money and/or drugs. This series reports how their operations have a major impact on life for residents and the environment along the border — and beyond.

Tuesday, Sept. 24, 2013, 5:30 p.m.
 

Greensburg-based Progress Fund has been awarded $1.34 million from the federal government to use for loans to businesses, the group's president and chief executive officer said.

David Kahley said his agency learned Tuesday from the Treasury Department that the Community Development Financial Institution money had been awarded.

“There was a lot of hooting and hollering at the office,” he said.

Most of the money will be used next year to make loans to new businesses or those looking to expand, he said. Those projects have not yet been determined, Kahley added.

He estimated most of the funds will be used in Western Pennsylvania.

“They like the fact we fund small businesses in rural Pennsylvania,” Kahley said of federal officials.

The Progress Fund helps support economic development in 40 counties in western and northern Pennsylvania, all of West Virginia and parts of Maryland and Ohio.

The $1.34 million was the highest amount given to any agency this year in the competitive funding program, Kahley said. His agency received $1.45 million last year, also the highest awarded in 2012.

The money can be used as collateral for the Progress Fund to seek other financing.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Westmoreland

  1. More than 100 stamp bags confiscated in Greensburg; 4 arrested
  2. Hempfield cyclist to cool wheels in jail during appeal
  3. Police officer taking job in Harmarville
  4. Youngwood playground found to be in violation of disability act again
  5. Latrobe police to host National Night Out
  6. Unity zoning hearing board OKs addition to Adelphoi home
  7. Jeannette man arrested in city shooting
  8. Police identify Acme man who died after crash
  9. McKeesport man ordered to trial in New Stanton hotel homicide
  10. First Commonwealth prepares for relocation in downtown Greensburg
  11. Kecksburg celebrates its UFO history with annual festival