RIDC catalyzes and supports economic growth through high quality job creation, real estate development and financing of projects that advance the public interest – developing real estate to capture emerging and existing growth opportunities across diverse industry sectors.
Pennsylvania Industrial Development Authority
The Pennsylvania Industrial Development Authority (PIDA) provides low-interest loans and lines of credit for eligible businesses that are committed to creating and retaining full-time jobs and for the development of industrial parks and multi-tenant facilities.
RIDC can assist companies in obtaining loans to finance costs associated with land and building acquisition, construction and renovation costs, machinery and equipment purchases, working capital and accounts receivable. These loans are available to companies throughout the region that meet the program’s criteria, whether or not they are located in an RIDC property.
How to Apply
RIDC will work with you to determine whether or not the PIDA loan program can assist with financing the needs of your business and will discuss with you in detail how the application process works.
For information on eligibility, contact RIDC’s Director of Community Investment, Jeni Cooper, at jcooper@ridc.org.
