The Bradford Area Alliance announced Thursday the creation of a new $1,000,000 Bright Bradford Fund aimed at helping new startups and existing businesses grow in the area.
To serve the growth of different industry sectors in the Bradford community, the Bright Bradford Fund consists of two distinct investment opportunities — the Bright Bradford Innovation Fund (BBIF) and the Bright Bradford Development Fund (BBDF).
The BBIF, totaling $800,000, was formed in a new partnership between the Ben Franklin Technology Partners of Central and Northern Pennsylvania and the Bradford Area Alliance with a $400,000 contribution from each of the partners, and with significant support from Halloran Philanthropies.
Brian Fernandes-Halloran commented, “I couldn’t think of a better time to launch the Bright Bradford Fund than American Refining Group’s (ARG) 25th anniversary. It was as true at the founding of ARG as it is today that Bradford is a town worthy of investment. I am sure my father, Harry Halloran Jr., would be rooting for every Bradfordian entrepreneur with a bright idea.”
The BBIF will offer financing to innovative technology-based startups and manufacturers in the City of Bradford, Borough of Lewis Run, Bradford Township, Corydon Township, Foster Township, and Lafayette Township.