Pennsylvania Grant & Resource Directory - Pennsylvania House ...

DEPARTMENT OF COMMUNITY & ECONOMIC DEVELOPMENT (DCED)
Phone: 1-866-G0-NEWPA / 1-866-466-3972 www.newpa.com
GRANT/PROGRAM
Renewable Energy Program – Geothermal and Wind
Projects – The Renewable Energy Program provides financial
assistance in the forms of grant and loan funds to promote the
use of alternative energy in the Commonwealth. The program
is administered jointly by the Department of Community and
Economic Development (DCED) and the Department of Environmental
Protection (DEP) under the direction of CFA.
Eligible is a business; an economic development organization;
an individual (geothermal only); or a political subdivision, includes
municipalities, counties and school districts. There is a
matching investment requirement of at least $1 for every $1 of
program funds awarded.
Pending legislation will consolidate this program into the Liberty
Financing Authority (LFA).
CONTACT INFO/DEADLINE
CONTACT – Customer Service Center,
Single Application for Assistance; 1-866-GO-
NEWPA / 1-866-466-3972 or ReadySet Succeed@newPA.com
PENNSYLVANIA DEPARTMENTS
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.
Contact – GO-NEWPA / 1-866-466-3972 or
ReadySet Succeed@newPA.com
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.
Pending legislation will consolidate this program into the Liberty
Financing Authority (LFA).
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 ReadySet Succeed@newPA.com
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