Pennsylvania has increased the PIDA Small Business First real estate and construction loan limit to $1 million and eliminated the program’s 1% commitment fee on all loan programs under the PIDA umbrella. Learn what the changes could mean for businesses in Cumberland, Dauphin and Perry counties. Pennsylvania small businesses planning to purchase real estate, construct…
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The Impact Harrisburg Initiative is expanding opportunities for small and diverse businesses across the Capital Region by helping them prepare for supplier diversity programs, government contracts, and corporate procurement opportunities. Led by the Capital Region Economic Development Corporation (CREDC), the initiative brings together regional partners, public agencies, and business leaders to strengthen procurement readiness and…
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In late 2025, using a newly developed Rural Health Transformation Plan, the commonwealth applied to the U.S. Centers for Medicare & Medicaid Services, competing with states nationwide for funding to support the initiative. On Dec. 30, 2025, Gov. Josh Shapiro’s administration announced that Pennsylvania was awarded $193 million in federal funding to improve access to…
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The Capital Region Economic Development Corporation (CREDC) continues to advance small business growth and regional reinvestment through the State Small Business Credit Initiative (SSBCI) and the Pennsylvania Catalyst Loan Fund. Two recent loan closings supporting Wheel Worx, Inc. and Holistic Pet Care, LLC dba Abrams & Weakley General Store for Animals reflect continued momentum in…
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The Capital Region Economic Development Corporation (CREDC) is pleased to announce the successful closing of a $1,460,000 Traditional loan through the Pennsylvania Industrial Development Authority (PIDA) to support Osage Piping & Fabricating, Inc. in the acquisition of its long-time manufacturing facility at 85 Industrial Road, Highspire, PA. CREDC worked closely with Osage and First Commonwealth…
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The Capital Economic Development Corporation (CREDC) is pleased to announce the closing of a $4.63 million financing package in partnership with LINKBANK to support a major Harrisburg child care investment at 3901 North Progress Avenue, Harrisburg, PA 17110, home to Kiddie Academy of Harrisburg, operated by AD Cares LLC. Closed on January 2, 2026, the…
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A long-vacant parcel on South Second Street is being reimagined as one of downtown Harrisburg’s newest gathering spaces through a collaboration between Harristown Development Corporation and the Capital Region Economic Development Corporation (CREDC). Coronet Park, a 3,300-square-foot pocket park and event venue located between Crowne Plaza and The Menaker near Market Square, is currently under…
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The Capital Region Economic Development Corporation (CREDC) is proud to announce the success of organizations it supported through the 2024 Statewide Local Share Account (LSA) Grant program. The Commonwealth Financing Authority formally approved the awards during its meeting on December 18, 2025. The Local Share Account Grant program provides state funding for projects that improve…
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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…
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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…
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