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 […]
A $1,000-per-job tax credit to create new jobs in the state within three years. Uses Tax credits used to offset various business tax liabilities. Funding $1,000-per-job tax credit to approved businesses that agree to create jobs within three years. Twenty-five percent of the tax credits allocated each year must go to businesses with less than […]
Grant and low-interest loan financing to perform environmental site assessment and remediation work at former industrial sites. Uses Phase I, II and III environmental assessments; Remediation of hazardous substances Funding Grants and loans up to $200,000 for environmental assessments; Grants and loans up to $1 million for remediation Contact us for an informational packet.
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 […]