As a certified Industrial Development Corporation, CREDC can sponsor PEDFA applications for eligible projects in Cumberland, Dauphin & Perry Counties.” 

The Pennsylvania Economic Development Financing Authority (PEDFA) provides low-interest financing to businesses by using private capital accessed through the issuance of tax-exempt or taxable bonds. PEDFA finances projects on both a composite pool and stand-alone basis.

Applications for PEDFA financing in this three county area may be submitted through CREDC.  For assistance with PEDFA financing for projects located elsewhere in Pennsylvania, contact the PA Department of Community and Economic Development at (866) 466-3972.

Eligible Projects

Tax-Exempt

• Manufacturing
• Multi-Family Housing
• Non-profit 501 (c) (3)
• Solid Waste Disposal
• Wastewater treatment
• Transportation facilities
• Assisted living/housing

Taxable

• All businesses qualified to do business in Pennsylvania may be eligible for taxable financing. Speculative activities are not eligible

Eligible Uses

• Land/Building acquisition
• Renovation and New Construction
• Machinery and Equipment Acquisition and Installation
• Refinancing (Taxable Program Only)
• Working Capital (Taxable Program Only)

Amounts

No less than $400,000 and no more than $10 million for manufacturers for composite pool projects. Stand alone projects must be $10 million or more.

Terms/Conditions

All Businesses seeking PEDFA bond financing, whether tax-exempt or taxable, must be supported by a Bank Letter of Credit. The Bank determines the collateral, terms and conditions of its Letter of Credit.

If you have any questions on the loan process or the loan program contact Melissa McLaughlin at 717.213.5042 or mmclaughlin@hbgrc.org