Access to Low-Cost Loans
LVEDC helps eligible businesses apply for Pennsylvania Industrial Development Authority (PIDA) fixed-rate loans, with rates currently as low as 3.5%. Funds may be used with private financing and state and local financing programs for land and building acquisitions, construction and renovation costs, and machinery and equipment purchases.
Pennsylvania Lowers Corporate Tax Rate
A Pennsylvania law enacted in 2022, will reduce the corporate net income tax rate in stages to 4.99%, one of the lowest rates in the U.S.

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