Pennsylvania grant & resource directory - pa house

PENNSYLVANIA DEPARTMENTS
DEPARTMENT OF COMMUNITY & ECONOMIC DEVELOPMENT (DCED)
Phone: 1 (866) G0-NEWPA / 1 (866) 466-3972 www.newpa.com
GRANT/LOAN
Research and Development Tax Credit – Allows
companies holding qualifying Research and Development
Tax Credits to apply for approval to sell those tax credits and
assign them to the buyer(s). It is used for applied research and
development expenditures. 10 percent tax credit of company’s
increased research and development expenses over a base
period (prorated to not exceed $15 million annual cap for all
businesses); Up to 20 percent of total pool set aside for small
businesses. Applicable to CNI, CSFT and PIT tax liability;
unused credits may be carried over for up to 15 succeeding
taxable years.
Second Stage Loan Program – Loan Guarantees for
working capital for 2- to 7-year-old manufacturing, biotech,
and technology-oriented companies. Pennsylvania banks are
eligible. Preference will be given to guarantees for working
capital; land, building, machinery and equipment also
eligible. Program Guidelines to be approved and issued by
Commonwealth Finance Authority.
DEADLINE / REGULATIONS
Contact – 1-866-GO-NEWPA (1-866-466-
3972) or ReadySetSucceed@newPA.com.
Contact – Visit www.newpa.com
to confirm. Banks will be required to
enroll in the program through DCED;
1-866-GO-NEWPA (1-866-466-3972) or
ReadySetSucceed@newPA.com.
Section 108 Program – Section 108 enables states and local
governments participating in the Community Development
Block Grant (CDBG) program to obtain federally guaranteed
loans to fund large economic development projects and
undertake revitalization activities. Under Pennsylvania’s
initiative, Section 108 loans are guaranteed by the
Commonwealth and borrowing communities must , commit
future CDBG funds to pay off the loan in case of default.
Local governments that are not designated by HUD as urban
counties or entitlement municipalities are eligible to apply
for Section 8 loans.. Loan funds may be used for acquisition,
rehabilitation, relocation, clearance, site preparation, and
predevelopment costs, special economic development
activities, certain public facilities and housing construction.
Contact – 1-866-GO-NEWPA (1-866-466-
3972) or ReadySetSucceed@newPA.com.
Shared Municipal Services Program (SMSP) – Provides
grant funds that promote cooperation among municipalities.
Also encourages more efficient and effective delivery of
municipal services on a cooperative basis. Typical grants range
between $5,000 and $25,000; 50 percent match required.
Contact – 1-866-GO-NEWPA (866-466-
3972) or ReadySetSucceed@newPA.com.
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PA Grant & Resource Directory