Pennsylvania Industrial Development Authority
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The Pennsylvania Industrial Development Authority (PIDA) program is administered by the YCEDC and provides low-interest loans for land and building acquisitions, building construction and renovations to eligible businesses resulting in the creation or retention of jobs.

Eligible business activities include manufacturing; industrial, national and regional headquarter facilities, agri-business, research and development and Keystone Innovation Zone (KIZ) firms. Based upon firm size PIDA loans can currently finance between 30% and 70% of eligible real estate acquisition and construction projects or $2,000,000, whichever is less. Firms located in a KIZ may qualify to borrow up to 75% of eligible project costs or $2,250,000, whichever is less. Currently the PIDA loan interest rate for projects located in York County is 4.00% and the interest rate for projects within the City of York is 3.00%. PIDA’s loan interest rate is adjusted quarterly based on the 10-year Treasury bill rate.

Loan terms may be up to 15-years for land and buildings. Equity requirements are generally 10% - 20% and are determined on a case-by-case basis. Personal guarantees are required of principals with 20% or more ownership. Additionally, all proposed projects must create or retain one job for every $35,000 borrowed.

For more information regarding the Pennsylvania Industrial Development Authority loan program, please contact Kenetha Hansen, Vice President, Economic Development, at 717-846-8879 or complete the contact form.