CLEARFIELD – Central Pennsylvania has another tool in its arsenal to assist with business attraction and expansion projects in Clearfield County. The Clearfield County Industrial Development Authority recently announced the development of a newly created grant program to assist with industrial and economic development projects in Clearfield County.
The newly created Infrastructure Grant and Zero-Interest Loan Fund Program has been made possible as a result of the CCIDA’s success in growing and turning over loan funds that have
assisted dozens of companies over the years with local business expansion projects. For several
years these funds have been utilized for industrial expansion projects relating to machinery and
equipment purchases, facility expansions and technology-based upgrades for businesses throughout
Clearfield County.
“This competitive grant program is truly unique to North Central Pennsylvania and arguably, the entire state of Pennsylvania,” explains Rob Swales, executive director of the CCEDC. “Due to continuing success of the CCIDA’s revolving loan fund program, the lending pool and recapture rate have grown proportionately over the years to support a new competitive grant program for economic development projects on an annual basis in Clearfield County.”
The IGLF has been created to proactively respond to the community’s need for supplemental sources of financing to support municipalities, units of local governments, nonprofit corporations, hospitals and public agencies within the County of Clearfield to spearhead and further leverage economic development projects with other traditional sources of public and private financing.
The deadline for this year’s grant and zero-interest loan pool is June 30. Complete IGLF guidelines and application may be downloaded from the Clearfield County Economic Development Corp.’s Web site, www.clearlyahead.com, or by entering the following direct links:
Infrastructure Grant & Loan Fund Guidelines www.clearlyahead.com/admin/files/ccida.pdf
RLF Business Application www.clearlyahead.com/admin/files/rlf.pdf
