A multi-million dollar partnership launched in 2011 between the Erie County Gaming Revenue Authority and Ben Franklin Technology Partners, the Erie Innovation Fund makes investments in Erie County’s tech-based startups, as well as small manufacturers with less than 500 employees, that have a concrete plan for the development and commercialization of a new, innovative product or process.
In late 2015, ECGRA awarded $1,000,000 to Bridgeway Capital Inc. to provide Erie enterprises with opportunities for growth. Bridgeway fosters economic revitalization across western Pennsylvania by supporting small business success. Bridgeway will focus ECGRA’s investment into a wide variety of projects ranging from expanding manufacturers to corner stores increasing community access to healthy foods. Whatever the small business opportunity or challenge, Bridgeway has loan products geared for client achievement. To support job growth in Erie County, entrepreneurs may be eligible for loans to:
- Access working capital
- Purchase and develop real estate
- Upgrade equipment and facilities