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||
|Description of Program||
|Clearfield County Industrial Development Authority- Revolving Loan Fund||
|Low interest financing for building and land acquisition, new construction, rehabilitation, machinery and equipment and working capital.||Please Contact the CCEDC/CCIDA Office
|Infrastructure Development Program||
|Grant and low-interest loan financing for public and private infrastructure improvements.||IDP Guidelines|
|Machinery & Equipment Loan Fund||
|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||
|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||
|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||
|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.