We are excited to share the results of the 2023 Statewide Local Share Account (LSA) Grant applications. During the Commonwealth Financing Authority meeting on October 22, 2024, the awarded projects were officially announced. The demand for funding in 2023 was immense, with over 3,000 applications submitted, totaling approximately $1.3 billion in requested funds. However, with…
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HARRISBURG, Pa. — The Capital Region Economic Development Corporation (CREDC) is pleased to announce the approval of two loan projects through the Enterprise Zone Revolving Loan Fund (EZ Loan Fund). These approvals demonstrate CREDC’s commitment to supporting local businesses and fostering economic growth within the region’s Enterprise Zones. On Sept. 25, 2024, Parath, LLC, on…
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HARRISBURG, Pa. — CREDC is pleased to announce updated interest rates for two loan programs, the Pennsylvania Catalyst Loan Fund (SSBCI) and the Pennsylvania Industrial Development Authority (PIDA) loan program. These revised terms are designed to effectively support businesses in the region. The Pennsylvania Catalyst Loan Fund (SSBCI) will offer a new interest rate of…
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In August, the seasonally adjusted unemployment rate for the Harrisburg-Carlisle Metropolitan Statistical Area (MSA) ticked up slightly by 0.1 percentage points, reaching 3.1%. Despite this small rise, the overall labor market remains stable, with job gains throughout the year keeping pace with 2023 trends. Seven of the ten supersectors in the region saw little change…
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HARRISBURG, Pa. — The Capital Region Economic Development Corporation (CREDC) announced the recent closing of two impactful loan projects: an SBA 504 loan for Tikka Shack Indian Grub in Hershey, Dauphin County, and a Pennsylvania Catalyst Loan Fund loan for ThriveFitCo. in Camp Hill, Cumberland County. These projects reflect CREDC’s commitment to boosting local economic…
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CREDC is proud to highlight two recently completed projects that have made a significant impact on the Hershey and Harrisburg communities: the Hidden Still Distillery and the Atlas Building. Both projects, completed with the help of Redevelopment Assistance Capital Program (RACP) funding, have not only helped to revitalize their respective locations but have also contributed…
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Harrisburg, PA – September 4, 2024 – We are pleased to announce that Walnut Ridge Farms, LLC has received approval for their latest expansion project and will soon proceed to close. Established in 2020, Walnut Ridge Farms is a farming operation and real estate owner with deep roots in family farming. Owned and operated by Curry,…
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The Harrisburg Regional Chamber & CREDC is pleased to announce the opening of the Local Share Account (LSA) Statewide grant program on September 1st, 2024. This program provides an invaluable opportunity for non-profit organizations across Pennsylvania to secure substantial funding for a variety of projects, including infrastructure development, construction, machinery acquisition, and more. What is…
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Harrisburg-Carlisle MSA labor supply continues steady trajectory in Q2 Regional employment affected by national trends:
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CREDC’s loan committee is comprised of professionals from various industry sectors. These members are volunteers, generously giving their time and contributing insight respective to their experience and education to CREDC’s staff. This group assembles often with short notice to help align the speed of government loan programs better to the speed of business. The loan…
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