LVEDC is your gateway to grant, loan, tax credit, and other special business financing programs.
Whether you are moving a new business to the Lehigh Valley or expanding an existing business in the Lehigh Valley, LVEDC can help you navigate federal, state, and local financing programs, including grants, loans, tax credits, tax abatements, and special incentives.
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Interest rates as low as 4.25%
Business owners are saving thousands of dollars in interest costs through Pennsylvania Industrial Development Authority (PIDA) loans.
Act now!
Rates are in effect through June 30, 2025
LVEDC can help you apply
PIDA provides low-interest loans through Certified Economic Development Organizations (CEDOs). Lehigh Valley Economic Investment Corporation (LVEIC) is the region's CEDO.
Eligible project costs
Contact us for assistance.
LVEDC can help you navigate the process of obtaining U.S. Small Business Administration loans. Contact us for assistance.
SBA's 504 Loan Program provides long-term, fixed-rate financing of up to $5 million for major fixed assets that promote business growth and job creation. Current rates are 6.35% to 6.44%.
LVEDC partners with SEEDCOPA to give Lehigh Valley small businesses access to SBA financing.
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The Redevelopment Assistance Capital Program (RACP) is a grant program to help with the acquisition and construction of regional economic, cultural, civic, recreational, and historical improvement projects. Projects must have a regional impact and increase or maintain current levels of employment, tax revenues, and economic activity, and may not obtain primary funding under other state programs.
RACP Guidelines
The Local Share Account distributes a portion of assessments from licensed gaming facilities to support and enhance community and economic well-being and mitigate the impact of gaming and related activities.
LSA Guidelines
A geographically targeted economic development tool that captures increases in property taxes and other taxes resulting from new development and uses that revenue to subsidize the development.
TIF Information
This state program provides tax credits to businesses that increase their annual payroll by at least $1 million through creation of new, full-time jobs. New jobs and increased payroll must be maintained for at least 5 years.
MTC Guidelines
The Pennsylvania First Program provides grants, loans, and loan guarantees to support investment and job growth.
PA First Guidelines
This program provides qualified employers training for new and existing employees that allows companies to stay competitive while keeping employee skills current and relevant. Employers determine their own training needs as well as how and where they receive training.
OTJ Training Overview
A Pennsylvania Department of Transportation program that provides low-interest loans to fund aviation, rail, highway, and public transit projects that spur economic development
PIB Information
Provides grants and loans to municipalities and others for acquisition and development of sites for future use by businesses, private developers, and others.
Provides grants and low-interest loans for environmental assessments and remediation to support cleanup of brownfield industrial sites, bringing them back into productive reuse.
Provides direct funding for assessment and cleanup, revolving loans, environmental job training, technical assistance, training and research to support brownfield activities.
A Foreign Trade Zone treats merchandise as if it were outside the commerce of the United States. That merchandise, while within the FTZ, is not subject to customs duties and other tariff and taxes.
Qualified Opportunity Zones present an opportunity for investment in the Lehigh Valley. The cities of Allentown, Bethlehem, and Easton each have zones offering generous tax advantages that will deliver benefits to private-sector investors.
The NIZ is a special tax district that encourages development and revitalization in downtown Allentown, comprising about 128 acres in the city’s downtown neighborhood and riverfront district.
The CRIZ consists of 130 acres designated for economic development and job creation in Bethlehem. State and local taxes collected within the CRIZ will be used to repay debt service to stimulate economic development projects within the zone.
The KIZ supports innovation and entrepreneurship in Bethlehem by offering financial resources and assistance to early-stage startup companies.
Keystone Opportunity Zones eliminate specific state and local taxes in underdeveloped and underutilized areas, providing abatements for county and municipal property taxes, corporate net income taxes, and school taxes for 10 years.
LERTA authorizes local taxing authorities to provide tax exemptions for certain deteriorated industrial, commercial, and business properties and new construction in deteriorated areas of economically depressed communities.
State-designated Enterprise Zones address deteriorated, distressed and blighted industrial and manufacturing areas. The designation aims to encourage revitalization, attract new businesses, and create job opportunities.
LVEDC has many partners and access to resources to help with project financing. Our Lehigh Valley Lending Network is a nationally recognized partnership of local financial institutions that offer resources to maximize the use of economic development incentives and connect you to private business financing and commercial loans for real estate, machinery, equipment, working capital, and more. Check our Lending Network page for more information or call us at (610) 266-6775. We are here to help.
