Chamber & CREDC News - Page 8 of 25 - Harrisburg Regional Chamber & CREDC

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January 17, 2025

Cornerstone Coffeehouse Enters New Era Under Local Entrepreneurs

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…

January 16, 2025

Empowering Wellness and Growth: Thrive Fit Co. Expands with PA Catalyst Loan Support

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,…

January 15, 2025

CREDC’s 2024 Impact: A $71 Return for Every $1 Invested

The Capital Region Economic Development Corporation (CREDC), a private 501(c)(3) nonprofit serving the Harrisburg region of Cumberland, Dauphin, and Perry counties, is deeply grateful to those who donate generously to its work. Our investors help CREDC make great things happen for the region. We are pleased to report that in 2024, our donors’ return on…

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…

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