Department of Community and Economic Development Secretary Dennis Davin announced the approval of $15 million in tax credits to support 263 early-stage companies through the Keystone Innovation Zone (KIZ) Program.

Over the last month, PIDA approved $5.3 million in low-interest loans to support four projects in Allegheny, Blair, Erie, and Lancaster counties that will generate more than $8.2 million in private investments.

The initiative will provide the "double-bottom-line" benefit of providing a competitive rate of return, while supporting state investments in affordable housing, small business, health and educational facilities, and infrastructure projects, according to Reese.

"The Neighborhood Assistance Program provides tax credits to encourage businesses to invest in projects that improve distressed areas, promoting a shared belief that thriving neighborhoods are a cornerstone of Pennsylvania's success," said Governor Wolf.

Jobs for Lancaster will be a revolving loan fund, with the average borrower — most likely a small business owner who can't get competitively priced financing elsewhere — receiving $52,000. As borrowers repay their loans, those repaid dollars will be recycled into new loans.

Philadelphia is moving forward with an ambitious plan to create 10,000 "green jobs" over 10 years. It involves investing $1 billion in public and private money into energy efficiency projects in all city-owned buildings, schools, as well as 25,000 homes and 2,500 small businesses.

The Fundamentals WebCourse is the foundation for all of CDFA's educational offerings. This course will help you understand the variety of development finance tools available, from bonds, tax credits and TIF, to federal financing programs, RLFs, and access to capital lending resources.

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