• Cumberland Area Economic Development Corporation
  • Serving Cumberland County
  • Pennsylvania’s destination for business and leisure

Food Processing & Agribusiness Incentives

Cumberland Area Economic Development Corporation (CAEDC) offers multiple loan programs to help support the financing and expansion of agricultural and food processing businesses in Cumberland Valley Pennsylvania. For large land development and infrastructure projects, CAEDC will work with local taxing bodies and businesses to determine if a Local Economic Revitalization Tax Assistance (LERTA) abatement or Tax Incremental Financing (TIF) mechanism is needed. CAEDC is committed to finding the resources you need to help you grow. Learn more about Food Processing & Agribusiness in Cumberland Valley.

Print out an easy to read chart of our Business Financing Programs by pressing the print button at the bottom of the page. Interest rates were updated 1/20/17.

FINANCING PROGRAMS

FINANCING PROGRAM USES INTEREST RATE
Small Business Administration (SBA) 504 Program  Land, buildings, machinery and equipment 10-year: 4.60%
20-year: 4.59%
Cumberland Small Business Fund (CSBF) Real estate, machinery and equipment 2.50%-3.50%
Tax-Exempt Financing -Cumberland County Industrial Development Authority (CCIDA) Land, buildings, machinery and equipment, refinancing Determined by Bank
Pennsylvania Industrial Development Authority (PIDA) Land, buildings, machinery and equipment, working capital Real Estate: 2.25% for 7 years, 3.00% for 15 years; All Other: 2.00%-3.00%
PennWorks Water and wastewater infrastructure improvements/ construction 2.00%
Next Generation Farmer Loan Program Land, improvements, machinery and equipment Tax-exempt bank interest rate – 70-80% of the bank’s agricultural loan rate
USDA Farm Service Agency Guaranteed Loans Real estate, buildings, equipment, supplies, working capital and, some debt refinancing Determined by Bank
Rural Energy for America Program (REAP) Loan Guarantees Energy efficiency improvements, renewable energy systems, land acquisition and working capital Determined by Bank

 

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Mill Street Industrial Land