NOTICES
PENNSYLVANIA INDUSTRIAL DEVELOPMENT AUTHORITY
Interest Rates and Participation Rates
[35 Pa.B. 6395] The Pennsylvania Industrial Development Authority (PIDA) gives notice of the change in interest rates and participation rates for loans approved by the PIDA Board of Directors (Board). Loan applications submitted after December 1, 2005, and until further notice will be subject to the interest rate and participation rate schedule that follows in the respective counties as determined by the most recent applicable unemployment statistics and will remain in effect until changed by a notice in the Pennsylvania Bulletin.
The PIDA Board retains the right to waive or modify the interest rates on a case by case basis for good cause shown.
Note: Loan applications are subject to the schedule of interest rates in effect at the time the application is received by the Department of Community and Economic Development. A loan application that is deferred shall be subject to the schedule of interest rates in effect on the date of the Board meeting at which the application is considered, regardless of when the application was originally submitted.
Further information can be obtained from the Pennsylvania Industrial Development Authority, Commonwealth Keystone Building, 400 North Street, 4th Floor, Harrisburg, PA 17120, (717) 787-6245.
DENNIS YABLONSKY,
ChairpersonFinancially Distressed Municipalities under Act 47*
Aliquippa City
Beaver CountyBraddock Borough
Allegheny CountyChester City
Delaware CountyClairton City
Allegheny CountyDuquesne City
Allegheny CountyFarrell City
Mercer CountyFranklin Borough
Cambria CountyGreenville Borough
Mercer CountyHomestead Borough
Allegheny CountyJohnstown City
Cambria CountyMillbourne Borough
Delaware CountyPittsburgh City
Allegheny CountyRankin Borough
Allegheny CountyScranton City
Lackawanna CountyWest Hazleton
Luzerne CountyFederal Empowerment Zones*
Portions of Pittsburgh and Philadelphia
Federal Enterprise Communities*
Portions of Harrisburg, Dauphin County
Portions of Lock Haven, Clinton County*Eligible for 4.25% Interest Rate
Effective December 2005
PIDA Participation and Interest Rates
For Counties and Municipalities*
Over 25,000 Population
Maximum
Pida
Participation
Interest Rate** ( S ) ( L ) % ADAMS 40 * * * 30 * * * * 5.25 ALLEGHENY 50 40 * * * 4.25 ARMSTRONG 50 40 * * * 4.25 BEAVER 40 * * * 30 * * * * 4.25 BEDFORD 50 40 * * * 4.25 BERKS 40 * * * 30 * * * * 5.25 Reading City 60 50 4.25 BLAIR 50 40 * * * 4.25 BRADFORD 40 * * * 40 * * * 4.25 BUCKS 40 * * * 30 * * * * 5.25 Bristol Township 50 30 * * * * 4.25 BUTLER 50 40 * * * 4.25 CAMBRIA 50 40 * * * 4.25 CAMERON 50 40 * * * 4.25 CARBON 50 40 * * * 4.25 CENTRE 50 40 * * * 4.25 CHESTER 40 * * * 30 * * * * 5.25 CLARION 40 * * * 40 * * * 4.25 CLEARFIELD 50 40 * * * 4.25 CLINTON 50 40 * * * 4.25 COLUMBIA 50 40 * * * 4.25 CRAWFORD 50 40 * * * 4.25 CUMBERLAND 40 * * * 30 * * * * 5.25 DAUPHIN 40 * * * 30 * * * * 5.25 Harrisburg City 50 30 * * * * 4.25 DELAWARE 40 * * * 30 * * * * 5.25 Chester City 60 50 4.25 Upper Darby Township 40 * * * 30 * * * * 4.25 ELK 50 40 * * * 4.25 ERIE 50 40 * * * 4.25 FAYETTE 50 40 * * * 4.25 FOREST 70 60 4.25 FRANKLIN 40 * * * 30 * * * * 5.25 FULTON 50 40 * * * 4.25 GREENE 50 40 * * * 4.25 HUNTINGDON 50 40 * * * 4.25 INDIANA 50 40 * * * 4.25 JEFFERSON 50 40 * * * 4.25 JUNIATA 40 * * * 40 * * * 5.25 LACKAWANNA 50 40 * * * 4.25 LANCASTER 40 * * * 30 * * * * 5.25 Lancaster City 50 30 * * * * 4.25 LAWRENCE 50 40 * * * 4.25 New Castle City 60 50 4.25 LEBANON 40 * * * 30 * * * * 5.25 LEHIGH 40 * * * 30 * * * * 5.25 Allentown City 50 30 * * * * 4.25 Bethlehem City 50 30 * * * * 4.25 LUZERNE 50 40 * * * 4.25 LYCOMING 50 40 * * * 4.25 McKEAN 50 40 * * * 4.25 MERCER 50 30 * * * * 4.25 MIFFLIN 50 40 * * * 4.25 MONROE 40 * * * 40 * * * 4.25 MONTGOMERY 40 * * * 30 * * * * 5.25 Norristown Borough 50 30 * * * * 4.25 MONTOUR 50 40 * * * 4.25 NORTHAMPTON 40 * * * 30 * * * * 5.25 Bethlehem City 50 30 * * * * 4.25 Easton City 50 30 * * * * 4.25 NORTHUMBERLAND 50 40 * * * 4.25 PERRY 40 * * * 30 * * * * 5.25 PHILADELPHIA 50 40 * * * 4.25 PIKE 40 * * * 30 * * * * 4.25 POTTER 50 40 * * * 4.25 SCHUYLKILL 50 40 * * * 4.25 SNYDER 40 * * * 40 * * * 5.25 SOMERSET 50 40 * * * 4.25 SULLIVAN 40 * * * 40 * * * 4.25 SUSQUEHANNA 40 * * * 40 * * * 4.25 TIOGA 40 * * * 40 * * * 4.25 UNION 40 * * * 30 * * * * 4.25 VENANGO 50 40 * * * 4.25 WARREN 50 40 * * * 4.25 WASHINGTON 50 40 * * * 4.25 WAYNE 40 * * * 40 * * * 4.25 WESTMORELAND 50 40 * * * 4.25 WYOMING 50 40 * * * 4.25 YORK 40 * * * 30 * * * * 5.25 York City 50 30 * * * * 4.25 * Municipalities are listed only if PIDA rate differs from County rate.
** Based on calendar year 2004 unemployment rate. Subject to change at discretion of the PIDA Board.
(S) Small Business (Less than 50 existing employees, including parent, subsidiaries and affiliates.)
(L) Large Business.
Special Note: Projects located in Designated Enterprise Zones, Financially Distressed Municipalities under Act 47, Federal Empowerment Zones, Federal Enterprise Communities, Keystone Opportunity Zones, Keystone Opportunity Expansion Zones, Keystone Opportunity Improvement Zones, Brownfield Sites and companies designated as Advanced Tech Firms will receive an interest rate of 4.25%.
*** 10% Equity required
**** 20% Equity required
[Pa.B. Doc. No. 05-2150. Filed for public inspection November 18, 2005, 9:00 a.m.]
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