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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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The U.S. Small Business Administration (SBA) has announced that federal Economic Injury Disaster Loans (EIDLs) are now available for Pennsylvania businesses affected by drought conditions that began on July 30. The declaration includes Cumberland County and the adjacent counties of Adams, Dauphin, Franklin, Perry, and York. Eligible applicants include small businesses, agricultural cooperatives, aquaculture operations,…
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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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Annual awards honors visionary leaders and businesses in Harrisburg region. Harrisburg, PA (October 2, 2024) – The Harrisburg Regional Chamber & CREDC proudly announces the honorees for the 2024 Catalyst Awards, recognizing exceptional leaders and businesses for their dedication to advancing positive change in the region. These awards celebrate those who are creating opportunities, fostering…
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The Capital Region Economic Development Corporation is seeking nominees for the organization’s board of directors. Both self-nominations and nominations of your colleagues are welcomed. Upon receipt of a nomination, the Nominating Committee will review candidate qualifications. We welcome and encourage all interested candidates to apply for a board position. In keeping with our commitment to fostering a…
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The Harrisburg Regional Chamber is seeking nominees for the organization’s board of directors. Both self-nominations and nominations of your colleagues are welcomed. Upon receipt of a nomination, the Nominating Committee will review candidate qualifications. We welcome and encourage all interested candidates to apply for a board position. In keeping with our commitment to fostering a diverse and…
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