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PA Bulletin, Doc. No. 08-488

NOTICES

PENNSYLVANIA INDUSTRIAL DEVELOPMENT AUTHORITY

Interest Rates and Participation Rates

[38 Pa.B. 1334]
[Saturday, March 15, 2008]

   The Pennsylvania Industrial Development Authority (PIDA) gives notice of the change in interest rates for loans approved by the PIDA Board of Directors. Loan applications approved by PIDA beginning at its February 2008 board meeting and until further notice will be subject to the interest rate and participation rate schedule set forth 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 rates are attached to this Notice as Annex A.

   The PIDA Board retains the right to waive or modify the interest rates on a case by case basis for good cause shown.

   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,   
Chairperson

PIDA
PIDA Participation and Interest Rates
for Counties and Municipalities*
Over 25,000 Population
Effective February 2008 and forward
(until further notice)

Maximum
PIDA
Participation
Interest Rate**
(S)(L)%
ADAMS 30 * * * * 30 * * * * 4.00
ALLEGHENY 40 * * * 30 * * * * 4.00
   McKeesport City 50 30* * * *4.00
ARMSTRONG 40 * * * 40 * * * 4.00
BEAVER40 * * * 30 * * * * 4.00
BEDFORD 40* * *40 * * *4.00
BERKS 40 * * * 30 * * * * 4.00
   Reading City 50 30 * * * * 4.00
BLAIR40* * * 40 * * * 4.00
BRADFORD40 * * *40 * * *4.00
BUCKS 40* * * 30* * * *4.00
BUTLER 40* * *30* * * * 4.00
CAMBRIA 40* * *40* * * 4.00
   Johnstown City 50 40* * *4.00
CAMERON50 40* * *4.00
CARBON40 * * *40 * * *4.00
CENTRE 40* * * 40* * *4.00
CHESTER 30* * * *30 * * * *4.00
CLARION40* * *40* * *4.00
CLEARFIELD40* * *40 * * * 4.00
   Clearfield Boro. 60 504.00
   Dubois City5040* * *4.00
CLINTON 40 * * * 40* * *4.00
COLUMBIA40* * * 40* * * 4.00
CRAWFORD40* * *40* * * 4.00
CUMBERLAND30 * * * *30* * * *4.00
   Carlisle Boro.40* * *30* * * * 4.00
DAUPHIN40* * *30* * * *4.00
DELAWARE40* * * 30 * * * *4.00
   Chester City 50 30* * * *4.00
ELK 40* * *40* * * 4.00
ERIE40 * * * 40* * * 4.00
FAYETTE5040* * *4.00
FOREST 5040* * *4.00
FRANKLIN 40* * *30* * * *4.00
FULTON 40* * * 40* * *4.00
GREENE40* * *40* * * 4.00
HUNTINGDON 40* * * 40* * *4.00
INDIANA40* * *40* * *4.00
JEFFERSON 40* * *40* * * 4.00
JUNIATA40* * * 30* * * *4.00
LACKAWANNA 40* * *40 * * *4.00
LANCASTER30* * * *30* * * *4.00
   Lancaster City 40* * *30* * * *4.00
LAWRENCE 40* * * 40* * *4.00
   New Castle City5040 * * *4.00
LEBANON 40* * *30* * * *4.00
LEHIGH 40* * *30* * * *4.00
   Allentown City5030* * * *4.00
LUZERNE40* * *40* * * 4.00
   Hazleton City 50 40* * *4.00
   Wilkes-Barre       City5040 * * * 4.00
LYCOMING40* * *40* * *4.00
   Williamsport       City 50 40 * * * 4.00
McKEAN40* * *40* * *4.00
MERCER40* * *40* * *4.00
   Sharon City50 40* * * 4.00
MIFFLIN 40* * *40* * *4.00
MONROE 40* * *30* * * *4.00
MONTGOMERY 40* * *30* * * *4.00
MONTOUR40* * *40* * *4.00
NORTHAMPTON40* * * 30* * * * 4.00
NORTHUMBER-    LAND40* * *40* * * 4.00
PERRY40* * * 30* * * *4.00
PHILADELPHIA5040 * * *4.00
PIKE50 30 * * * * 4.00
POTTER5040* * *4.00
SCHUYLKILL 40* * *40 * * *4.00
SNYDER 40* * *30 * * * * 4.00
SOMERSET40* * *40* * * 4.00
SULLIVAN40* * *40* * *4.00
SUSQUEHANNA40* * *40* * *4.00
TIOGA40* * *40* * *4.00
UNION 40* * *30* * * *4.00
VENANGO 40 * * * 40* * *4.00
WARREN40* * * 40 * * *4.00
WASHINGTON40 * * *40 * * *4.00
WAYNE40* * *30* * * * 4.00
WESTMORELAND40* * *40* * * 4.00
WYOMING 40* * *40* * *4.00
YORK 40* * * 30* * * *4.00
   York City 50 30* * * *4.00

   *  Municipalities are listed only if PIDA rate differs from County rate.

   * *  Based on calendar year 2006 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 (Over), Federal Empowerment Zones, Federal Enterprise Communities, Keystone Opportunity Zones, Keystone Opportunity Expansion Zones, Keystone Opportunity Improvement Zones, Keystone Innovation Zones, Brownfield Sites and Companies Designated as Advanced Tech Firms will receive an interest rate of 4%.

   Also, projects located in Keystone Innovation Zones are eligible to receive participation rates of up to 75% at the discretion of the PIDA Board.

   * * *  10% Equity required

   * * * *  20% Equity required

[Pa.B. Doc. No. 08-488. Filed for public inspection March 14, 2008, 9:00 a.m.]


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