There are numerous benefits available to businesses locating in the Enterprise Zone. While these are summarized below, for more details and specific applicability to your project or business, please contact our Business Finance Officer, Melissa McLaughlin, at the Capital Region Economic Development Corporation (CREDC).  

• Businesses in the Enterprise Zone are eligible to apply for low-interest rate financing through CREDC’s new Enterprise Zone Loan Fund. The maximum loan amount is $500,000, or 30% of your total project cost; whichever is lower.
• Reduced interest rate on loans through the Pennsylvania Department of Community and Economic Development.
• Pennsylvania Tax Credits are available for qualified businesses improving property in an Enterprise Zone. Up to 20% of an on-site investment can be recovered in the form of PA corporate net income (CNI) tax credits.
• Enterprise Zone businesses and locations may receive special consideration from numerous other Commonwealth programs, such as when bidding on a Commonwealth contract or cleaning up an environmentally contaminated site.

If your company decides to expand or relocate within our Enterprise Zones, you may also be eligible to receive technical assistance from many firms in our region.

For more details, please contact Shaun Donovan, Enterprise Zone Coordinator for the Capital Region Economic Development Corporation, at 717.213.5033, or sdonovan@hbgrc.org.