The headlines have been nothing short of funereal.
Golf is dead, they say. Or at least it’s in the decline. You can thank the Great Recession for that. Generational change. Or credit Tiger, whose spectacular rise was outdone only by his disastrous fall, mirroring the decline of golf’s popularity. Maybe, some say, the fault lies with the sport, which is too slow, too expensive, too elitist and too hard to learn.
One of our recent borrowers, Gail Hall, owner of 9 Decatur Guest House and Hostel and The Inn on Decatur in Cumberland, Maryland, was featured in a Cumberland Times-News article about the growing impact of trail tourism in Maryland.
The long awaited hotel in Connellsville broke ground in early February with the help of a $500,000 loan from The Progress Fund. The hotel owners are excited to serve trail users on the Great Allegheny Passage and others in the community of this key Trail Town.
In the world of retail sales, there are a handful of stores that attract and build loyal customers from far and wide. These “Destination Retailers” stand out because of the helpfulness of the staff along with the goods and services offered. Two Rivers Treads of Shepherdstown, West Virginia is one of those businesses where people literally run to their front door.
We are excited to share that our $250,000 loan to Immersion Research in Confluence, PA was 1 of only 10 loans featured in the Summary of States’ 2014 Annual Report for the U.S. Treasury’s State Small Business Credit Initiative (SSBCI).
Ryan and Molly Mercer will be honored by VisitMercerCountyPA, the tourism promotion agency, at its annual dinner June 25 at Grove City Country Club. The Mercers are recipients of the James E. Winner Jr. Tourism Initiative Award.
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