**UPDATE** As of Tuesday, 3/31/20, this program has closed for applications pending additional funding. Governor Tom Wolf has announced a new loan program designed to help small businesses impacted by COVID-19. The Pennsylvania Industrial Development Authority (PIDA) is administering the program through funding from the Commonwealth Financing Authority, making $60 million dollars available for […]
COVID-19 UPDATE: In this time of change and uncertainty, we are working to identify resources for our business community. Federal, State and local programs are being announced daily and we are compiling all of the information into a single resource page.
An incentive program that provides tax credits to private companies investing in rehabilitating, expanding, or improving buildings or land located within designated enterprise zones. Uses Real property improvements such as rehab, expansion or physical improvements to buildings or land resulting in jobs created or retained. Funding Tax credits equal 25% of amount invested; Up to […]
The Redevelopment Assistance Capital Program (RACP) is a Commonwealth grant program administered by the Office of the Budget for the acquisition and construction of regional economic, cultural, civic, recreational, and historical improvement projects. RACP projects are authorized in the Redevelopment Assistance section of a Capital Budget Itemization Act, have a regional or multi-jurisdictional impact, and […]
The PIDA provides low-interest loans and lines of credit for eligible businesses that commit to creating and retaining full-time jobs and for the development of industrial parks and multi-tenant facilities. Loan applications are packaged and underwritten by a network of certified economic development organizations (CEDOs) that partner with PIDA to administer the program. Uses Land […]