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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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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