CLEARFIELD – The Clearfield County Industrial Development Authority (CCIDA) would like to announce the fifth round of competitive grant solicitation to assist with industrial and economic development projects in Clearfield County.
For the fifth consecutive year, the Infrastructure Grant and Zero-Interest Loan Fund (IGLF) Program has been made possible as a result of the CCIDA’s success in growing and turning over loan funds that have assisted dozens of companies over the years with local business expansion projects. For several years the loan funds have been utilized for industrial expansion projects relating to machinery and equipment purchases, facility expansions and technology-based upgrades for businesses throughout Clearfield County.
“This competitive grant program is truly unique to North Central Pennsylvania and arguably, the entire state of Pennsylvania, explains Rob Swales, executive director. Due to continuing success of the CCIDA’s revolving loan fund program, the lending pool and recapture rate have grown proportionately over the years to support a spin-off competitive grant program for economic development projects on an annual basis in Clearfield County.” The IGLF has been created to proactively respond to the community’s need for supplemental sources of financing to support municipalities, units of local governments, non-profit corporations, hospitals and public agencies within the County of Clearfield to spearhead and further leverage economic development projects with other traditional sources of public and private financing.
The deadline for this year’s grant and zero-interest loan pool is June 30. Complete IGLF guidelines and application may be found at the Clearfield County Economic Development Corporation’s Web site or by calling the CCIDA office at 814-768-7838.