The package of incentive awarded to Norac includes a $186,000 Pennsylvania First program grant and up to $124,000 in Job Creation Tax Credits. The company has also been encouraged to apply for a $2.4 million loan that includes $1 million from PIDA.

Titusville Redevelopment Authority received a huge boost from DCED, in the form of a nearly $1 million grant. The grant will support the rebuild of the Towne Square Building that suffered damage from a fire in March 2015.

RSR EB-5 Regional Centers will provide $15.5 million for a 50,000 square foot mixed-use development. The project will create an estimated 521 new jobs.

The Allentown Neighborhood Improvement Zone Development Authority has hired Fox Rothchild as outside counsel to litigate a case filed by the owners of the PPL Plaza building, who do not qualify for the tax incentives offered under the NIZ.

Pennsylvania's Department of Community and Economic Development approved $353,800 in funding for 11 municipal projects throughout the commonwealth that support community planning and shared services.

CDFA is seeking a motivated, well-organized and experienced individual to fill the position of Vice President. This senior level position is critical to the continued success of CDFA's education, advocacy, research, resources and networking efforts.

The Intro EB-5 Finance WebCourse examines the basic statutes and regulations governing the EB-5 Program. Topics covered include direct EB-5 vs. EB-5 Regional Center programs, minimum investment requirements, securities regulations, and business plans and economic reports. Plus several case study examples will be discussed to showcase the variety of economic development projects that can benefit from this form of capital.

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