Pennsylvania Industrial Development Authority (PIDA)
Provides direct low-interest loans that assist with the purchase and/or construction of real estate, as well as the acquisition of machinery and equipment. PIDA can typically finance up to 50% (or $2,000,000, whichever is less) of a total project cost for real estate related projects and up to 50% (or $400,000, whichever is less) of the purchase of machinery and equipment. Working Capital, accounts receivable, and pollution prevention and energy efficiency loans are also available. (Certain conditions apply.)2022 Fact Sheet Interest Rate Sheet 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.