Pittsbugh-based Innovation Works has raised nearly $24 million for its newest venture fund according to Reuters. The fund will be used to invest in the region's early-stage technology companies from a variety of industries.

According to LancasterOnline, Hotel Lancaster is the first project in Lancaster approved under the new CRIZ program. The CRIZ program allows state tax revenue collected within a designated zone to be used for redevelopment projects.

Hill International will be relocating the company's headquarter from South Jersey to Philadelphia after receiving a $4.5M financial package. Philadelphia Business Journal reports the deal comes from the state and city, and includes grants, tax incentives and low interest loans.

There are plenty of complaints on funneling millions in state tax money to private developers, but as this columnist writes, the resulting development needs to be taken into account as part of the public benefit of that investment.

This report from the U.S. Treasury summarizes the states' Annual Reports and gives state-by-state data showing how SSBCI programs operating in all 50 states, the District of Columbia, and five territories have expended their allocated funds in 2013.

November 18-21, 2014 - Scottsdale, AZ
Hosted by the generous support of the Scottsdale IDA, this year's National Summit will be an amazing, can't-miss event with an in-depth look at development finance in the United States. Designed to educate both novices and seasoned development finance professionals alike, the 2014 National Development Finance Summit will touch on over 25 different financing concepts, tools, programs, strategies, and solutions to the challenges facing our country.

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Rob Lane and Jeff Stouffer of the USDA Pennsylvania State Office share information on the lending programs available for rural areas and small towns in this state focused webcast.

Allegheny Institute for Public Policy wrote this paper on the PA's state staute that calls for a report to determine if TIF is was working, The law required a comprehensive report to be made to the Governor and the General Assembly every two years commencing January 1, 1992. No such report has been filed as of 2013.

The U.S. Small Business Administartion's list of Participating Microloan Intermediary Lenders provides contact information for each lender.

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