SERVING OUR BUSINESS COMMUNITY

Solutions for existing, new or just starting businesses in the Mon Valley

Whether you call the Mon Valley home or you are looking for a new location for a business, the Mon Valley Alliance is here to help.

Let us help you find a location in the Valley, additional financing options or a stronger workforce.

Are you:

An existing business in the Mon Valley?

Looking to relocate or start a new office or location for your business?

Looking to start a new business?

New small business loan program available

**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 loans up to $100,000.

For-profit retail/service businesses and agricultural producer businesses located in the Commonwealth that have 100 or fewer full-time employees are eligible to apply for the new loan program.

The loans are for working capital needs and will be at a zero percent (0%) interest rate, ...

COVID-19: Business Assistance Programs

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. Additionally, our Director of Operations, Jamie Colecchi, is available to discuss details of the programs available with individual businesses. He can be reached at 724-565-5637 or jcolecchi@monvalleyalliance.org.

Resource Fact Sheet

COVID-19 Website

 

Neighborhood Assistance Program

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 $500,000 total tax credits per project.

Contact us for an informational packet.

Redevelopment Assistance Capital Program (RACP)

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 generate substantial increases or maintain current levels of employment, tax revenues, or other measures of economic activity. RACP projects are state-funded projects that cannot obtain primary funding under other state programs.

Contact us for an informational packet.

Pennsylvania Industrial Development Authority (PIDA)

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 and building acquisitions; Construction and renovation costs; Machinery and equipment purchases; Working capital and accounts receivable lines of credit, Multi-tenant facility projects;  Industrial park projects.

Contact us for an informational packet.