Financial Programs
FINANCIAL PROGRAMS
To assure business growth and development, Clearfield County and the Commonwealth of Pennsylvania have made available a number of innovative, low-cost loans for economic development. Please keep in mind this is only a small sample of the numerous state programs available. However, these are the most popular financial incentives.
| Name of Program |
Acronym |
Description of Program |
Program Guidelines |
| Clearfield County Industrial Development Authority- Revolving Loan Fund |
CCIDA- RLF |
Low interest financing for building and land acquisition, new construction, rehabilitation, machinery and equipment and working capital. | Please Contact the CCEDC/CCIDA Office
814-768-7838 |
| Infrastructure Development Program |
IDP |
Grant and low-interest loan financing for public and private infrastructure improvements. | IDP Guidelines |
| Machinery & Equipment Loan Fund |
MELF |
Low-interest loans to acquire and install new or used machinery and equipment or to upgrade existing machinery and equipment. | MELF Guidelines |
| Pennsylvania Financing Authority- Taxable and Tax Exempt Bond Program |
PEDFA |
Tax-exempt and taxable bonds, both in pooled transactions and stand-alone transactions, to be used to finance land, building, equipment, working capital and refinancing. | PEDFA- Tax Exempt |
| Pennsylvania Industrial Development Authority |
PIDA |
Low-interest loan financing through Industrial Development Corporations for land and building acquisition, construction and renovation, resulting in the creation or retention of jobs. | PIDA Guidelines |
| Small Business First |
SBF |
Funding for small businesses, including: low-interest loan financing for land and building acquisition and construction; machinery and equipment purchases and working capital. | SBF Guidelines |
*** Please note that additional programs and guidelines can be found by visiting the Pennsylvania Department of Community & Economic Development Website at www.newpa.com. For further assistance please contact our office.