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PA Bulletin, Doc. No. 17-852

NOTICES

DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT

Diverse Business Financing Initiative

[47 Pa.B. 2883]
[Saturday, May 20, 2017]

 The Department of Community and Economic Development (Department), through the Center for Private Financing, gives notice of the establishment of the Diverse Business Financing Initiative (Initiative) to accomplish the goal of making loans to diverse business owners, to include minorities, women, veterans and service-disabled veterans. The purpose of the Initiative is to make loan funds available to certain economic development partner organizations of the Department, specifically community development financial institutions and certified economic development organizations. The intent is that these partner organizations will use the funds to make loans to their business borrowers, thereby creating separate revolving loan funds. The partner organizations will also have access to Pennsylvania Industrial Development Authority (PIDA) accounts to initiate loans through PIDA to diverse businesses targeted by this Initiative.

 Inquiries regarding this Initiative should be directed to the Center for Private Financing, Department of Community and Economic Development, 4th Floor, Commonwealth Keystone Building, 400 North Street, Harrisburg, PA 17120, (717) 783-1109, crpetrasic@pa.gov.

DENNIS M. DAVIN, 
Secretary

[Pa.B. Doc. No. 17-852. Filed for public inspection May 19, 2017, 9:00 a.m.]


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