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PA Bulletin, Doc. No. 08-1916

NOTICES

PENNSYLVANIA INDUSTRIAL DEVELOPMENT AUTHORITY

Interest Rates and Participation Rates

[38 Pa.B. 5822]
[Saturday, October 18, 2008]

   The Pennsylvania Industrial Development Authority (PIDA) gives notice of the change in the interest rate for loans approved by the PIDA Board of Directors. Loan applications approved by PIDA beginning at its October 2008, board meeting and until further notice will receive an interest rate of 3.00%. The schedule of participation rates and the interest rate effective in each county is as follows 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 October 2008 and forward
(until further notice)

Maximum
PIDA
Participation
Interest
Rate**
(S)(L)%
ADAMS 30 * * * * 30 * * * * 3.00
ALLEGHENY 40 * * * 30 * * * * 3.00
ARMSTRONG 40 * * * 40 * * * 3.00
BEAVER 40 * * * 30 * * * * 3.00
BEDFORD 40 * * *40 * * *3.00
BERKS 40 * * * 30 * * * *3.00
   Reading City 50 30 * * * * 3.00
BLAIR 40 * * *40 * * *3.00
BRADFORD 40 * * * 30 * * * *3.00
BUCKS 40 * * *30 * * * *3.00
BUTLER 40 * * * 30 * * * * 3.00
CAMBRIA 40 * * * 40 * * * 3.00
   Johnstown City 50 40 * * * 3.00
CAMERON 40 * * * 40 * * * 3.00
CARBON 40 * * * 40 * * * 3.00
CENTRE 40 * * * 40 * * * 3.00
CHESTER 30 * * * * 30 * * * * 3.00
CLARION 40 * * * 40 * * * 3.00
CLEARFIELD 40 * * * 40 * * * 3.00
   Clearfield Borough 60 50 3.00
CLINTON 40 * * * 40 * * * 3.00
COLUMBIA 40 * * * 40 * * * 3.00
CRAWFORD 40 * * * 40 * * * 3.00
CUMBERLAND 30 * * * * 30 * * * * 3.00
DAUPHIN 40 * * * 30 * * * * 3.00
DELAWARE 40 * * * 30 * * * * 3.00
   Chester City 50 30 * * * * 3.00
ELK 40 * * * 40 * * * 3.00
ERIE 40 * * * 40 * * * 3.00
FAYETTE 40 * * * 40 * * * 3.00
FOREST 50 40 * * * 3.00
FRANKLIN 40 * * * 30 * * * * 3.00
FULTON 40 * * * 30 * * * * 3.00
GREENE 40 * * * 40 * * * 3.00
HUNTINGDON 40 * * * 40 * * * 3.00
INDIANA 40 * * * 40 * * * 3.00
JEFFERSON 40 * * * 40 * * * 3.00
JUNIATA 40 * * * 30 * * * * 3.00
LACKAWANNA 40 * * * 30 * * * * 3.00
LANCASTER 30 * * * * 30 * * * * 3.00
   Lancaster City 40 * * * 30 * * * * 3.00
LAWRENCE 40 * * * 40 * * * 3.00
   New Castle City 50 40 * * * 3.00
LEBANON 40 * * * 30 * * * * 3.00
LEHIGH 40 * * * 30 * * * * 3.00
LUZERNE 40 * * * 40 * * * 3.00
   Hazleton City 50 40 * * * 3.00
LYCOMING 40 * * * 30 * * * * 3.00
MCKEAN 40 * * * 40 * * * 3.00
MERCER 40 * * * 40 * * * 3.00
   Sharon City 50 40 * * * 3.00
MIFFLIN 40 * * * 40 * * * 3.00
MONROE 40 * * * 30 * * * * 3.00
MONTGOMERY 40 * * * 30 * * * * 3.00
MONTOUR 40 * * * 30 * * * * 3.00
NORTHAMPTON 40 * * * 30 * * * * 3.00
NORTHUMBERLAND 40 * * * 40 * * * 3.00
PERRY 40 * * * 30 * * * * 3.00
PHILADELPHIA 50 40 * * * 3.00
PIKE 40 * * * 30 * * * * 3.00
POTTER 50 40 * * * 3.00
SCHUYLKILL 40 * * * 40 * * * 3.00
SNYDER 40 * * * 30 * * * * 3.00
SOMERSET 40 * * * 40 * * * 3.00
SULLIVAN 40 * * * 40 * * * 3.00
SUSQUEHANNA 40 * * * 30 * * * * 3.00
TIOGA 40 * * * 40 * * * 3.00
UNION 40 * * * 30 * * * * 3.00
VENANGO 40 * * * 40 * * * 3.00
WARREN 40 * * * 40 * * * 3.00
WASHINGTON 40 * * * 40 * * * 3.00
WAYNE 40 * * * 30 * * * * 3.00
WESTMORELAND 40 * * * 40 * * * 3.00
WYOMING 40 * * * 40 * * * 3.00
YORK 30 * * * * 30 * * * * 3.00
   York City 50 30 * * * * 3.00

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

* *  Based on calendar year 2007 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 3%.

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. 08-1916. Filed for public inspection October 17, 2008, 9:00 a.m.]


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