The JARI Growth Fund is a certified CDFI (Community Development Financial Institution) which was formed in May 2016. The Mission of JGF is to develop the skills and provide capital to individuals, businesses and organizations in the six-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.
JGF will accomplish its mission in part by providing loans to low-to-moderate-income individuals, minorities, woman-owned entities, and people with disabilities throughout the Southern Alleghenies Region or project sites and businesses in the Target Market Area geography. There are many areas within Cambria County which qualify as the Target Market Area.
Currently JGF has one loan fund which is targeted to small businesses and entrepreneurs in Cambria County. Loans can range in size from $2,500 to $25,000 with no equity requirement. Loans can be used to fund: initial start-up costs, inventory/equipment, building acquisition, renovation, lease space, working capital, etc.
For more information about the program, contact Michele Clapper at 814.262.8368 or .