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Business Resources > Funding Sources
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Financial Resources
As the designated Economic Development
Agency for Warren County, the WCCBI assists businesses in developing
the most competitive financing programs for acquisitions, expansions,
new product development, and working capital. Depending upon
your specific businesses circumstance, the following programs
may be available to assist your business to become more competitive
and prosperous.
If you believe any of the programs listed here could be helpful
to you, please complete the Introductory Business Information
(include internal link here) form and submit to the WCCBI for
review. Upon receipt of your information, we will contact you
to discuss your circumstances and how we can be of assistance.
To maximize the benefits available to your business, WCCBI will
coordinate the assessment, application, and implementation of
your financing program, including coordination with the Governor’s
Action Team of Pennsylvania.
Public Financial Resources
Local Public Resources
- WCDA Revolving Loan Fund
– Administered by the Warren County Economic Development
Loan Administration Committee, this program provides to
businesses within Warren County:
- up to $10,000 for working capital
or equipment acquisition,
- up to $20,000 as matching funds
for business expansion, acquisition, or equipment purchases.
- City of Warren Revolving
Loan Fund - fund administered by the Northwest Commission,
this fund provides to businesses within the City of Warren:
- up to $50,000 for land acquisition,
preparation, building acquisition, construction, machinery
purchase, leasehold improvements, and working capital.
Commonwealth of Pennsylvania – Financing Resources for Manufacturers
- Small Business First
– Provides low-interest financing
for land and building acquisition or construction, machinery
and equipment acquisition, and working capital.
- Pennsylvania Industrial
Development Authority (PIDA) - Provides low-interest,
participating financing to eligible businesses for acquisition
and development of land for industrial use.
- PA Economic Development
Financing Authority (PEDFA) - Issues taxable and tax-exempt
Revenue Bonds to finance land, buildings, equipment, working
capital, and refinancing.
- Machinery and Equipment
Loan Fund (MELF) – Provides low-interest loans for acquisition
and installation of new or used machinery and equipment,
or for the upgrade of existing machinery and equipment.
- Export Finance Program (EFP)
- Provides loans to existing companies to assist with the
export of goods or services.
Commercial Financing Opportunities in Warren County
County National Bank
213 West Third Ave.
Warren, PA 16365
(814) 726-3577
http://www.bankcnb.com
National City
315 Second Ave.
Warren, PA 16365
(814) 723-5300
Northwest Savings Bank
Business Banking Division
108 Liberty Street
Warren, PA 16365
(814) 728-7542
http://www.northwestsavingsbank.com
PNC Bank
201 Liberty Street
Warren, PA 16365
(814) 726-5400
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Business Assistance Programs
The WCCBI assists businesses within Warren County in maximizing
their competitive position through coordination with numerous
local, state, and federal agencies specializing in key business
sectors. Some of these resources include:
- Gannon
University Small Business Development Center
- Industrial
Resource Centers (IRC) – Provides customized services
and solutions to manufacturers for operational, technological,
and workforce issues.
- Ben
Franklin Technology Partners - Regional centers
provide funding through various investment funding mechanisms
to support new products or new processes (Research and Development),
and a range of services to businesses to introduce or develop
new technologies.
- Northwest
Commission (formerly Northwest Regional Planning
and Development Commission)
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Manufacturing Tax Credits
Administered and approved by the Commonwealth of Pennsylvania,
the following credits may be available to your business:
- Job Creation Tax Credit
- Provides Pennsylvania Tax Credits to eligible companies
that create 25 or more full-time jobs or increase employment
by 25% within three years.
- Research and Development
Tax Credits - Allows employers qualifying for the Federal
Research and Development tax credit to receive 10% tax credit
for increased research activities in Pennsylvania.
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Navigating the maze of assistance provided by government and non-profit agencies
can be a challenge. We're here to help you understand which programs apply
to your business. Just complete this form and we'll give you a call.
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The WCCBI has facilitated over $1 million in low-interest bond financing for local businesses in 2004.
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