Hershey, Pa. – The Capital Region Economic Development Corporation (CREDC) announced that Hidden Still Distillery received approval for a $2 million loan from the Pennsylvania Industrial Development Authority (PIDA). The loan, approved on May 7, 2025, will support the acquisition and renovation of Hidden Still’s Hershey facility. Founded by David Stein in 2014, Hidden Still…
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Harrisburg, Pa. – The Capital Region Economic Development Corp. (CREDC) closed a $207,500 PA Catalyst Loan Fund project on March 6 to fuel the continued growth of Triple P Fitness in Harrisburg. Owned by Noah Parsons, Triple P Fitness offers personalized, results-driven training programs aimed at improving clients’ health and wellness. With this loan—funded through…
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Camp Hill, Pa. – The Capital Region Economic Development Corporation (CREDC) successfully closed an SBA 504 loan on March 27. The funding supports the acquisition of Cornerstone Coffeehouse in Camp Hill. Local entrepreneurs Caleb Watters and Ali Shover, operating as JL BS Investments LLC, are now the café’s new owners. They plan to maintain its…
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HARRISBURG, Pa. – The Capital Region Economic Development Corporation (CREDC) has announced the approval of a Small Business Administration (SBA) 504 loan to support the acquisition of the Cornerstone Coffeehouse, a beloved local institution located at 2133 Market St. in Camp Hill. The project secures the future of this cherished establishment while promoting economic growth…
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Harrisburg, Pa. – The Capital Region Economic Development Corporation (CREDC) is thrilled to announce the closing of a PA Catalyst Loan Fund project for Thrive Fit Co., a fitness and wellness studio in Camp Hill, Pa. This project reflects CREDC’s dedication to fostering entrepreneurship and enhancing community health through strategic investment. Founded by Ashley Mentzer,…
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The Capital Region Economic Development Corporation (CREDC) is pleased to report significant interest in the latest round of the Statewide Local Share Account (LSA) program. This year, CREDC fielded fifteen inquiries and helped facilitate ten applications, requesting a combined total of $5.1 million in funding. These applications support projects focused on renovation, construction, and vehicle…
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Harrisburg, PA – November 8, 2024 – The Capital Region Economic Development Corporation (CREDC) is pleased to announce the recent settlement of a loan project through the Enterprise Zone Revolving Loan Fund (EZ Loan Fund). This loan closing showcases CREDC’s commitment to supporting local businesses and fostering economic growth within our Enterprise Zones. Parath, LLC,…
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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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