Pennsylvania Economic Development Financing Authority (PEDFA)
PEDFA is an issuer of tax-exempt and taxable industrial revenue bonds on behalf of for-profit and non-profit businesses and municipalities. The bonds are issued for projects of $400,000 or more. Borrowers of PEDFA financing must provide a credit enhancement, which generally involves a letter-of-credit in the amount of the bond. Since the program’s inception in 1989, weekly tax-exempt variable rates have averaged 46% of the prime rate.Guidelines
For a complete listing of potential economic development incentive programs, please visit www.newpa.com.
Note: Certain programs are subject to funding availability, approval, and job creation requirements. All programs require an application in order to access funds.