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.)

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.