Newsclips Featured

9:37am EDT July 22, 2002

The Sustainable Jobs Fund, a community venture capital fund based in Durham, N.C., has closed on an investment of $750,000 in Allegheny Child Care Academy, a Pittsburgh-based child care provider. The Future Fund of Pittsburgh invested $250,000 in the current round of financing, which is designed to implement the expansion of Allegheny Child Care Academy into the Philadelphia, Detroit and Cleveland markets.

BroadStreet Communications, a communications provider to small- and medium-sized businesses, has reached a $120 million agreement with Lucent Technologies that will help build BroadStreet Communications' next-generation network.

Sloan Valve Co., of Franklin Park, Ill., has appointed Equiparts Co. as its first independent, national authorized factory technical repair center. Equiparts provides auxiliary electronic repair parts support to Sloan Valve's line of products.

Burns & Scalo Roofing Co. has acquired a roofing and sheet metal panel contract from Continental Building Systems for the Waterfront Power Center in Homestead.

Life's Work of Western Pa. has been awarded $205,000 to fund its single-point-of-contact program and $531,000 to fund its welfare-to-work program. The state-allocated funds came from the city of Pittsburgh to provide job training and work experience to prepare individuals to enter the work force.