Illustration of the Shapiro administration's investment in local business growth in Pennsylvania.
Pennsylvania, September 4, 2025
The Shapiro administration has announced over $6 million in low-interest loans to stimulate business growth in four Pennsylvania counties: Adams, Bucks, Dauphin, and York. This funding, issued by the Pennsylvania Industrial Development Authority, is expected to create 31 new jobs and retain 117 existing positions, injecting over $15 million into local economies. The loans are designed to support businesses committed to employment growth, covering expenses like property acquisitions and equipment purchases.
The Shapiro administration has announced a significant boost to local economies in Pennsylvania with the approval of more than $6 million in low-interest loans aimed at fueling business growth and preserving jobs. These loans, issued through the Pennsylvania Industrial Development Authority (PIDA), focus on four counties: Adams, Bucks, Dauphin, and York.
The funding is anticipated to inject over $15 million into local economies while directly creating at least 31 new full-time jobs and retaining 117 existing positions. This initiative reflects the Shapiro administration’s commitment to enhancing the business landscape in the state, as demonstrated by the PIDA loans’ ability to leverage more than $87 million in private investment.
Since the beginning of 2025, PIDA has approved nearly $29 million in loans, resulting in the creation of 126 jobs and the retention of 393 others. The funds are specifically earmarked for businesses that are dedicated to establishing and maintaining full-time jobs, with financial support that can be used for various project needs, including property acquisitions, construction, equipment purchases, and working capital for industrial development.
Securing this funding is an opportunity for businesses across Pennsylvania, as the PIDA loans are designed to support companies focused on employment growth and stability. By strategically investing in these regions, the Shapiro administration is striving to foster a more resilient economic environment.
PIDA is a state authority dedicated to providing financing support to businesses in Pennsylvania through low-interest loans, helping promote job creation and economic development.
Businesses must demonstrate their commitment to creating and maintaining full-time jobs and can use the loans for various project-related expenses including property acquisition, construction, and equipment purchases.
The current funding is expected to inject over $15 million into local economies, create at least 31 new full-time positions, and retain 117 existing jobs across the designated counties.
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