Harrisburg, Pa. – The Capital Region Economic Development Corporation (CREDC) is excited to announce the approval of two PA Catalyst Loan Fund projects, which are poised to make a meaningful impact in the Harrisburg region. These projects, funded through the second tranche of SSBCI funds, will provide critical resources for business expansion and community growth.
Triple P Fitness
Owned by Noah Parsons, Triple P Fitness is a premier personal training business in Harrisburg, Pa., dedicated to providing life-changing health and fitness services. With a mission to optimize physical and mental health, Triple P Fitness specializes in personalized, results-driven fitness programs for individuals and small groups.
The $225,000 loan will allow Triple P Fitness to purchase the building it currently rents, securing a permanent home for its operations. This acquisition will enable the business to grow and continue serving its clients in a CDFI investment area, a federally designated area where investments are targeted to support underserved communities and promote economic revitalization.
ZMark Health, LLC
Founded by President Matt Zobolotny, ZMark Health provides innovative reimbursement solutions for healthcare businesses in physical therapy, hospice, and behavioral health. By creating data-focused, collaborative, and responsive environments, ZMark Health streamlines revenue cycles and maximizes efficiency for its clients, allowing them to focus more on patient care.
The $100,000 loan will support ZMark Health’s purchase of furniture, fixtures, and equipment, as well as provide working capital to establish a brick-and-mortar headquarters. This investment will give the company the resources needed to grow and enhance its ability to serve customers.
Next Steps
Both loans are ready to close as soon as the second tranche of SSBCI funds becomes available. The Pennsylvania Department of Community and Economic Development (DCED) has confirmed the deposit of these funds with the state from the US Treasury and is finalizing the legal agreements required for disbursement. Once these agreements are signed and returned, the funds will be transferred, allowing CREDC to begin closing loans and supporting these impactful projects.
CREDC is proud to play a role in fostering local business growth and economic development. We look forward to seeing the positive impact these projects will have on their industries and the communities they serve.
CREDC is part of a multi-county partnership which applied for PA State Small Business Credit Initiative funding in 2022. Led by Chester County Economic Development Council, the partnership also consists of Lebanon Valley EDC, Greater Berks Development Fund, Bucks County EDC, and Delaware County Economic Development Oversight Board. This forward-thinking collaborative approach resulted in the partnership receiving the largest funding award of any Certified Economic Development Organization group in the Commonwealth. Together this group has branded the revolving loan fund seeded by SSBCI money as the Pennsylvania Catalyst Loan Fund.
About CREDC
The Capital Region Economic Development Corporation (CREDC) is the economic development arm of the Harrisburg Regional Chamber and the Certified Economic Development Organization (CEDO) approved by the Commonwealth’s Department of Community and Economic Development to perform economic development activities using Pennsylvania’s funding programs in Cumberland, Dauphin and Perry counties.
The Harrisburg Regional Chamber & CREDC serves as a catalyst for promoting growth and quality of life in Cumberland, Dauphin and Perry Counties through bold leadership, visionary members, and powerful results. Building on its 130+ year history, the organization provides a unique blend of business, community and economic development, and advocacy services under one roof to boost economic vitality and livability across the region. The Chamber & CREDC is 5-star accredited by the United States Chamber of Commerce, a distinction achieved by less than five percent of chambers across the nation.
