Summary of Funding Programs
(tip: print in landscape mode or click a program for a single printable page)
Type
Amount
Rates
Terms
Infrastructure
Working Capital
Land & Building
Machinery & Equipment
Research & Development
Tax Credits & Abatements
Workforce Development
Small Business First Fund - EDA Program
LOAN
$200 M
4% - 5%
Up to 10 years
Hazleton Area Industrial Development Authority
BOND
$10 MM
1 job/$50,000 - up to 30 years
Luzerne County Industrial Development Authority
BOND
$10 MM
N/A
Pennsylvania Economic Development Financing Authority (PEDFA) - Taxable
BOND
>$400 M
Variable
Variable
Pennsylvania Economic Development Financing Authority (PEDFA) - Tax-Exempt
BOND
$10 MM
Ben Franklin Technology Development Authority (BFTDA) - Company Grant
GRANT
VARIES
Ben Franklin Technology Development Authority (BFTDA) - Challenge Grant
GRANT
$250 M
Ben Franklin Technology Development Authority (BFTDA) - Technology Development Grant
GRANT
VARIES
Ben Franklin Technology Development Authority (BFTDA) - University Grant
GRANT
VARIES
Industrial Sites Reuse Program (ISRP)
GRANT
$200 M
2%
Up to 15 years.
Infrastructure Development Program (IDP)
GRANT
$1.25 MM
3%
Up to 15 years
Keystone Innovation Zones Program (KIZ)
GRANT
$250 M
Grant Funds
Opportunity Grant Program (OGP)
GRANT
VARIES
Grant Funds
Rail Freight Assistance
GRANT
$750 M
Grant Funds
Pennsylvania Capital Access Program (PennCAP)
GUARANTEE
$1 MM
Determined by lender
Determined by lender
Small Business Administration 7(a) Loan Guarantee
GUARANTEE
$1 MM
Determined by lender
Determined by lender
USDA Rural Development Loan Guarantee
GUARANTEE
$25 MM
Determined by lender
Determined by lender
Appalachian Regional Commission (ARC) Loan Program
LOAN
$200 M
2.75%
3-15 years
Citizens Job Bank
LOAN
>$1 MM
2.5%
5-10 years
Community Economic Development Loan Program (CED)
LOAN
$100 M
2%
Export Finance Program (EFP)
LOAN
$350 M
3.75%
12 months
Machinery and Equipment Loan Fund (MELF)
LOAN
$500 M
2.75%
Up to 7 years
Pennsylvania Industrial Development Authority (PIDA)
LOAN
$2 MM
3.25%
Up to 15 years.
Pennsylvania Infrastructure Investment Authority (PENNVEST)
LOAN
$11 MM
Up to 5%
Up to 20 years
Pollution Prevention Assistance Account (PPAA)
LOAN
$100 M
2%
Up to 10 years
Small Business Administration 504 Loan
LOAN
$200 M
Determined by lender
10-20 years
Small Business First (SBF)
LOAN
$200 M
2.75%
Up to 15 years
Underground Storage Tank Upgrade Loan Program (USTLP)
LOAN
$500 M
Same as 5-year T-Note
Up to 10 years
Pennsylvania Minority Business Development Authority (PMBDA)
LOAN
$500 M
50% of prime; no less that 4%
Up to 15 years
City of Hazleton Façade Improvement Program
LOAN
$15 M
Up to 3%
Up to 5 years
Luzerne County Business Development Loan Program
LOAN
$1 M
4% - 7%
Up to 15 years
NEPA Alliance Rural Development Microloan Program
LOAN
$20 M
8.75%
Up to 5 years
NEPIRC - Machinery Technology Loan Fund (MTLF)
LOAN
$100 M
No less than 4%
Up to 7 years
NEPA Alliance Loan Program
LOAN
$150 M
4%
Up to 15 years
NEPA Alliance Microloan Program
LOAN
$25 M
8.75%
Up to 5 years
NEPA Alliance - Rural Development Loan Program
LOAN
$150 M
4%
Up to 15 years
TRI-District Loan Program
LOAN
$150 M
4%
Up to 15 years
Educational Improvement Tax Credit
TAX CREDIT
$100 M
Credit equals 75% of contribution
Not refundable or transferable
Research and Development Tax Credits
TAX CREDIT
10%
10% tax credit
Can be carried for 15 years
Job Creation Tax Credits (JCTC)
TAX CREDIT
$1 M/JOB
$1,000 per-job
N/A
Keystone Opportunity Zones (KOZ)
TAX ABATEMENT
VARIES
Local Economic Revitalization Tax Assistance Act (LERTA)
TAX ABATEMENT
VARIES
Great Valley Pennsylvania Angel Network – GVPAN
VENTURE CAPITAL
VARIES
Customized Job Training (CJT)
WORKFORCE
75%
Up to 75% of eligible costs
Luzerne County Workforce Investment Agency -- On-the-Job Training (OJT)
WORKFORCE
50%
Up to 50% of wage rates
Guaranteed Free Training Program
WORKFORCE
$100 M
$450 - $750 per trainee
Workforce Leadership Grants (WFL)
WORKFORCE
$300 M
