State Financing

The staff of ABCD Corp. will work closely with your team to identify all of the available incentives and financing packages. Contact us today for a consultation to determine which programs meet your specific needs.

PROGRAMS ELIGIBILITY USES AMOUNTS TERMS
Pennsylvania Industrial Development Authority (PIDA) Job Creation
- Manufacturing
- Industrial
- R&D, Ag Processors
- Computer Operation
Center

Job Retention
- Warehousing and distribution firms that meet certain wage thresholds in that county.

- Land and building acquisition
- Building construction and renovation
- Industrial Park development
- Multi-tenant spec building construction, acquisition and renovation
- Loans up to $2 Million
- Up to $2.25 Million within Enterprise Zone, Act 47 Industrial Communities, Brownfield Sites, KOZ and KIZ
- No more than 50-60% of total eligible project costs, depending on size
- 2.00% Interest Rate for Projects in Blair County.
- Up to 15 year term
- No less than second mortgage on financed assets.
- $35,000 cost per job created or retained
Machinery and Equipment Loan Fund (MELF) - Manufacturing
- Industrial
- Agricultural Process
- Direct Mining
Operations
- Information Tech.
- Machinery and equipment acquisition and engineering & installation costs - Loans up to $5 Million, or 50% of eligible project costs. - Up to 10 year term
- $25,000 cost per job created or retained
- Fixed interest rate determined by DCED, currently at 3.00%
Alternative and Clean Energy Program (ACE) - Business, economic development organization, counties, school districts - Promote utilization, development, construction of alternative and clean energy projects - $5 million or 50% of project costs - 10 years, 1% fixed rate
PA Economic Development Financing Authority (PEDFA) Tax-Exempt Bond Program - Manufacturing, Nonprofit, Energy, Waste Disposal, Transportation, Assisted Living - Land & Building acquisition and construction
- Machinery & Equipment
- Designated Infrastructure
- Loans no less than $400,000, no more than $10 Million – Up to 100% of project costs - Up to 30 year term
- Average rate 54% below prime
PA Economic Development Financing Authority (PEDFA) Taxable Bond Program - All types of business needing low-cost capital - Land & Building acquisition and construction
- Machinery & Equipment
- Designated Infrastructure
- Loans no less than $400,000 – Up to 100% of project costs - Term based on negotiated letter of credit
- Average rate 39% below prime