The JARI Growth Fund will develop the skills and provide capital to individuals, businesses and organizations in the seven-county Southern Alleghenies region to support the growth of a diverse economy and build vibrant communities, enhance the quality of life for residents of the region, improve housing, and otherwise address the needs of low to moderate income residents of disadvantaged, poor and minority communities within the region.
Community Development Financial Institutions (CDFIs) are private financial institutions that are dedicated to delivering responsible, affordable lending to help low-income, low-wealth and other disadvantaged people and communities join the economic mainstream.
JARI Growth Fund was awarded $1,281,900 by the Appalachian Regional Commission (ARC) to further enhance entrepreneurship in our region. The JARI Growth Fund (JGF) in partnership with Johnstown Area Regional Industries (JARI), Southern Alleghenies Planning and Development Commission (SAP&DC), the Alleghenies Angel Fund, and other private lenders will provide technical assistance to businesses and access to the newly launched Startup Alleghenies Microloan Fund, resulting in a strengthened entrepreneurial ecosystem in a seven-county, coal-impacted area of Pennsylvania.
To date, ARC has invested over $238 million in 293 projects, touching 353 counties across Appalachia since 2015. More information about ARC's Power Initiative is available at www.arc.gov/power.
For more information about how JARI Growth Fund can help your business, please call (814) 535-8675.