Pennsylvania Industrial Development Authority (PIDA)

Low-interest loan financing through Industrial Development Corporations for land and building acquisition, construction and renovation, resulting in the creation or retention of jobs.

Guidelines:

• PIDA Guidelines (Adobe PDF)
• IDC Certification Guidelines (Adobe PDF)

Uses:

Land and building acquisition; Building construction and renovation; Industrial park development; Multi-tenant spec building construction, acquisition and renovation

Funding:

Loans up to $2 million (within Enterprise Zones, Act 47 Industrial Communities, Brownfield Sites, and Keystone Opportunity Zones, $2.25 million); No more than 30% to 70% of total eligible project costs, based on firm size and unemployment rate.

Eligibility:

Manufacturing; Industrial; Research and Development; Agricultural processors; Firms establishing a national or regional headquarters; Computer/clerical operation centers

Terms:

Up to 15-year term on land and buildings; No less than a second mortgage on financed assets; Disbursement to applicant based upon reimbursable expenses; $35,000 cost per job created or retained (no cost per job requirement on industrial park or multi-tenant projects.) Click here to view current interest rates and participation rates. PIDA Interest Rates.

Where to Apply:

Industrial Development Corporations Refer to Program Guidelines.

Purpose of Funding:

• Environmental Projects
• Infrastructure
• Land & Building
• Research & Development
• Site Development - Business