Program |
Lehigh County Industrial Development Authority (LCIDA) |
Minimum/Maximum Amounts |
Total capital expenditure from $400,000 to $10 million |
Eligible Activities |
Tax exempt bonds or mortgages for land & building acquisition, construction, renovation, new machinery & equipment. |
Term & Amortization |
Negotiable with bank |
Rate |
70% to 80% of prime floating |
Fees |
|
Special Notes |
Eligible businesses include manufacturers, certain 501(c) 3 organizations, exempt facilities (i.e. solid waste disposal) |
Job Creation/Retention Requirements |
Must create and/or retain one full time permanent job for every $50,000 of financing, within 3 years |
Where to Apply |
Lehigh Valley Economic
Development Corporation |
Contact Person |
Robert Curzi, Senior Finance Director |
Web link |
|
Application Download Available |
No |
This page was last updated 01/25/07. For additional information, please call the contact organization provided on this page.