BRUCE COMMERCE PARK |
930 Cass Street New Castle, PA. 16101 Phone (724) 652-5566 Fax (724) 652-8290
|
INCENTIVES THAT MAY BE AVAILABLE
Job Creation Tax Credit Program
Machinery and Equipment Loan Financing Program
The Opportunity Grant funds to create or preserve jobs within the Commonwealth
Eligibility: Firms or IDCs and municipalities on behalf of firms, that will create or preserve a significant number of jobs within the Commonwealth; Manufacturing; Industrial; Research and development; Agricultural processors; Export services; Firms establishing a national or regional headquarters
Uses: Machinery and equipment; Working Capital; Job Training; Infrastructure; Land and building improvements; Environmental assessment and remediation; Acquisition of land, buildings and right-of-ways; Site preparation, demolition and clearance
Amount: No minimum or maximum grant amounts
JOB CREATION TAX CREDIT PROGRAM
The Job Creation Tax Credit Program provides tax credits to eligible businesses that create 25 or more full-time jobs or increase employment by 20% within three years from the start date. A minimum of 25% of all tax credits awarded each fiscal year will be allocated to businesses that have 100 or fewer employees.
Eligibility: Approved businesses that agree to create new jobs in the Commonwealth within three years
Use: Tax credits used to offset various business tax liabilities
Amounts: $1,000-per-job tax credit to approved businesses that agree to create jobs within three years. 25% of the tax credits allocated each year must go to businesses with less than 100 employees
Customized Job Training provides grants for specialized job training to existing or newly hired employees.
Eligibility: Manufacturing; Industrial; Agricultural enterprises; Research and development; Advanced Technology; Business service firms (no point of sale/retail)
Uses: Instructional costs; Supplies; Consumable materials; Contracted services; Relevant travel costs for local education agency project coordinators
Amounts: Grants up to 75% of the eligible costs for new job creation, retention, upgrade training
The Job Training Partnership Act provides employment assistance and job training to eligible individuals through the PA Career Links
Eligibility: A federal program providing employment assistance and job training to eligible individuals
Uses: Job search and placement; Skills assessment and evaluation; Counseling; Training services for individuals an companies; Supportive services; Labor market information
Amounts: Up to 50% of wage rate for employees while in training; Up to actual costs of classroom training, training/related and supportive services
Funding for small businesses, including: low-interest loan
financing for land and building acquisition and construction; machinery and
equipment purchases and working capital.
Lawrence County
Economic Development Corporation Revolving Loan Fund (LCEDC RLF)
The Lawrence County Economic Development Corporation Revolving Loan
Fund (LCEDC RLF) provides low-interest financing for land and building
acquisition and construction, machinery and equipment purchases, and working
capital to businesses unable to fully finance these projects with equity, bank
financing, or other private and public sources.
Lawrence County
Enterprise Zone Revolving Loan Fund (LCEZ)
The Lawrence County Enterprise Zone (LCEZ) provides low-interest
financing for land and building acquisition and construction and machinery and
equipment purchases to businesses unable to fully finance these projects with
equity, bank financing, or other private and public sources. Municipalities
included in the Lawrence County Enterprise Zone are the City of New Castle,
Taylor Township, Neshannock Township, Shenango Township, Union Township and
North Beaver Township.
MACHINERY AND EQUIPMENT LOAN FINANCING (MELF)
Low-interest loans to acquire and install new or used machinery
and equipment or to upgrade existing machinery and equipment
Grants to financially disadvantaged communities for preparing and implementing business development strategies within municipal Enterprise Zones.
Eligibility: Municipalities, redevelopment authorities, non-profit economic development organizations, or other non-profit organizations on a case-by-case basis
Uses: Business development surveys; Business development strategy/preparation; Revolving fund business
Amounts: Planning Grants – Up to $50,000; Basic grant – Up to $50,000; Grants-to-loans: Up to $500,000
Home - Access - Location - Office availability - Industrial availability - Photo gallery - Area information - Features - Incentives - Contact us - Email us