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

Community Economic Development (CED)

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This program has been consolidated and is now part of the Pennsylvania Industrial Development Authority (PIDA) loan program. Please refer to the PIDA loan.

 

The Community Economic Development (CED) loan program provides low-interest financing for projects in distressed communities.

ELIGIBLE PROJECTS

  • Land and building acquisition, construction, and renovation
  • Machinery and equipment purchase and installation
  • Working Capital

ELIGIBLE BORROWERS

A for-profit small business (100 full-time employees or less) involved in the business to public service, mercantile, commercial or point of sale retail sectors that are located in a DCED designated distressed community, Keystone Opportunity Zone (KOZ).

LOAN LIMITS

Up to $200,000 ($100,000 for working capital) or 50% of total eligible project costs (whichever is less)

INTEREST RATES

Please refer to PIDA Interest Rates.

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Goodman Logistics Center Building 2