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Enterprise Zone Programs
- Pennsylvania Industrial Development Authority (PIDA) provides low
interest loans up to $2 million for land and building acquisitions,
construction and renovations, up to 50% of project cost.
- Machinery and Equipment Loan Fund (MELF) provides low interest loans for
machinery and equipment purchases up to $500,000 or 50% of project cost.
- Small Business First (SBF) provides low interest loans up to $200,000 or
50% of project cost for land and building acquisition, construction,
machinery and equipment and working capital for businesses with 100
employees or less.
- Export Finance Program (EFP) offers working capital and accounts
receivable financing.
- Pennsylvania Minority Business Development Authority (PAMBDA) provides
low interest loans up to $400,000 for land and building, renovations,
machinery and equipment and working capital for businesses owned by ethnic
minorities.
- Enterprise Tax Credits provides tax credits to businesses making real
property improvements. Offers up to $250,000 of tax credits per project, per
company, per year.
- Job Creation Tax Credits (JCTC) provides up to $1,000 per job to
approved businesses that agree to create jobs within three years.
- Customized Job Training (CJT) grants up to 75% of the eligible costs for
new job retention and upgrade training.
- City of Allentown Enterprise Zone Revolving Loan Fund. Low interest
loans up to $100,000 for equipment improvements to real estate and working
capital.
Keystone Opportunity Zone (KOZ)
provides state and local tax abatements and exemptions to qualified businesses,
residents, and property owners. This program sunsets in 2010. |
