The federal government's EB-5 program for business visas was started 22 years ago and is being used locally to finance a range of projects, including new ramps for I-95 and a community center and apartments in Chinatown. PIDC is the area's pioneer in its successful use.

Continuing to advance his JOBS1st PA initiative, Governor Tom Corbett announced that he has directed the Department of Community and Economic Development to reduce the interest rates of three business loan programs to encourage small business and manufacturing growth and new job creation.

Small businesses that sustained substantial economic injury from February's ice and snowstorms, regardless of physical damage, may be eligible for financial assistance from the U.S. Small Business Administration (SBA).

Pennsylvania's Neighborhood Improvement Zones are springing up across the state and are generating noteworthy development within the region. In light of the two coveted CRIZ designations awarded to the cities of Bethlehem and Lancaster by the DCED, here is a look at the similarities and differences between the two zones.

A new economic impact study commissioned by the Association to Invest in the USA (IIUSA) finds that the U.S. EB-5 immigrant investor visa program contributed $3.39 billion to U.S. GDP and supported over 42,000 U.S. jobs during fiscal year 2012. This is more than a 2-fold increase from the average annual impact result reported in 2011.

March 6-7, 2014
Join CDFA in Washington, DC as we advance development finance knowledge, networks and innovation through four unique Short Courses focused on cutting-edge and trending development finance topics. Learn more about each of the Short Courses, including programming, speakers, dates and times at cdfa.net

June 12, 2014 - Pittsburgh, Pennsylvania
Join the CDFA Pennsylvania Financing Roundtable for a one-day conference focused on "Catalyzing New Opportunities and Innovation in Development Finance." This event will feature a number of economic development finance experts from around the state discussing new development finance tools, authorities, resources and approaches, and how these methods can affect the Pennsylvania economy going forward.

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This economic development strategic plan is a road map that will help the Lehigh Valley Economic Development Corporation strengthen the region's existing industries and assist the Lehigh Valley with getting to the next level. The goal of this strategy is to support the region's rich natural, cultural, and historical resources and to meet the goals of the HUD Sustainable Communities Regional Planning Grant.

The City of Philadelphia, Philadelphia Industrial Development Corporation ("PIDC") and The Reinvestment Fund ("TRF") are offering the EnergyWorks Loan Fund to provide financing to support energy efficiency retrofits projects for businesses and non-profits in Bucks, Chester, Delaware, Montgomery, and Philadelphia Counties.

The Appalachian Regional Commission released this report which is an assessment of food system infrastructure, access to capital for entrepreneurs, education, and regional capacity in the Appalachian region.

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