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January 10, 2025

CREDC Champions Community Growth with $5.1 Million in LSA Funding Requests for Local Projects

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…

January 9, 2025

CREDC Supports Local Business Growth with $285K Loan for Mechanicsburg Expansion

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,…

November 13, 2024

Harrisburg Regional Chamber Launches National Civics Bee®

Harrisburg Area middle school students will test their civics knowledge and compete for the national title. HARRISBURG, PA — The Harrisburg Regional Chamber & CREDC proudly announces the launch of the 2025 National Civics Bee®, an initiative aimed at encouraging more young Americans to engage in civics and contribute to their communities. Hosted in partnership…

October 28, 2024

CREDC Celebrates 2023 Statewide LSA Grant Success

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…

October 28, 2024

CREDC Helps Secure Enterprise Zone Loans for Two Local Companies

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…

October 28, 2024

CREDC Announces Updated Loan Interest Rates

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…

October 28, 2024

Economic Update: Harrisburg-Carlisle Region Sees Job Growth but Faces Challenges in Key Sectors

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…

October 28, 2024

SBA Offers Disaster Loans for Pennsylvania Businesses Impacted by Drought

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,…

October 28, 2024

CREDC Fuels Regional Growth with New Loan Projects for Tikka Shack and ThriveFitCo

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…

October 28, 2024

Hidden Still and Atlas Building RACP Projects: A Boost for Local Development

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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