CREDC Archives - Harrisburg Regional Chamber & CREDC

October 23, 2025

Osage Piping Secures PIDA Approval to Support Ownership Transition and Facility Acquisition

Highspire, PA – September 3, 2025 – The Capital Region Economic Development Corporation (CREDC) has announced that the Pennsylvania Industrial Development Authority (PIDA) approved a $1.46 million Traditional PIDA loan to support Osage Piping & Fabricating, Inc. in acquiring its manufacturing facility at 85 Industrial Road, Highspire, PA. The project supports a planned ownership transition…

October 22, 2025

Grant Application Season Brings New Opportunities for Regional Investment

It’s a busy time for two major Commonwealth grant programs: the Redevelopment Assistance Capital Program (RACP) and the Local Share Account (LSA) Statewide Program. Both opened within a week of each other, sparking strong interest from organizations eager to invest in the Harrisburg region. RACP Projects Led by CREDC The RACP application window stayed open…

October 22, 2025

Bowman Insurance Group Completes SBA 504 Loan for Headquarters Purchase

Hershey, Pa. – August 2025 – CREDC continues to help small businesses grow through SBA 504 financing, which enables entrepreneurs to buy real estate, build equity, and strengthen their presence in the community. Recently, CREDC finalized an SBA 504 loan for Bowman Insurance Group (operating as Big Risk Partners, LLC) to purchase its office building…

October 22, 2025

PA Catalyst Loan Fund Spotlight: Supporting Local Business Growth Across the Region

Harrisburg, PA – October 2025 – The Capital Region Economic Development Corporation (CREDC) continues to grow small business investment across Central Pennsylvania through the Pennsylvania Catalyst Loan Fund (PACLF). Supported by the State Small Business Credit Initiative (SSBCI), this program helps entrepreneurs access affordable financing for expansion, real estate investment, and community revitalization. Recently, CREDC…

October 22, 2025

CREDC Secures Two SBA 504 Loans to Boost Small Business Growth

Harrisburg, Pa. – October 2025 – The Capital Region Economic Development Corporation (CREDC) has announced two new SBA 504 loan approvals that will help small businesses in Dauphin County grow and gain long-term property ownership. The projects, Kiddie Academy of Harrisburg and The Hershey Tavern, show how the SBA 504 program helps entrepreneurs move from…

October 22, 2025

CREDC Welcomes New Grants Administrator, Lissette Vega

The Harrisburg Regional Chamber & CREDC is excited to welcome Lissette Vega as the new Grants Administrator for CREDC. In this role, she helps employers, developers, and nonprofit organizations apply for public funding programs that strengthen and grow the region’s economy. A longtime Harrisburg resident, Lissette earned her Bachelor of Science in Business Administration with…

August 14, 2025

Update on the Pennsylvania State Budget Process

The 2025-26 Pennsylvania state budget is now close to being two months late as legislators advance competing proposals in the General Assembly. On Aug. 11, the Pennsylvania House of Representatives approved a bill to increase public transit funding, avoiding anticipated cuts in service, while also providing more funding for highway maintenance and construction and instituting…

July 16, 2025

PIDA Loan Fuels Major Expansion for Hidden Still Distillery in Hershey

HERSHEY, Pa. – The Capital Region Economic Development Corporation (CREDC) successfully closed a $2 million PIDA loan on June 26, 2025. The loan will support the expansion of Hidden Still Distillery in Hershey, Pennsylvania. Founded by David Stein in 2014, Hidden Still is one of the largest producers of Pennsylvania craft straight bourbon whiskey, according…

May 21, 2025

CREDC Leverages RACP to Drive Regional Growth

The Capital Region Economic Development Corporation (CREDC), serving Dauphin, Cumberland and Perry counties, plays a vital role in leveraging Pennsylvania’s Redevelopment Assistance Capital Program (RACP) to drive economic growth across Central Pennsylvania. Since 2001, CREDC has facilitated more than $53 million in RACP funding for 29 projects, serving as a critical link between state resources…

May 21, 2025

CREDC Leads Impact Harrisburg Initiative to Boost Diverse Businesses

The Capital Region Economic Development Corporation (CREDC) is moving forward with the Impact Harrisburg Initiative to address findings from the Harrisburg Disparity Study. The study showed that disadvantaged, minority- and women-owned businesses (DBEs, MBEs, and WBEs) are underutilized in city procurement, despite being available in the vendor marketplace. Through this initiative, CREDC will help build…

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