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We have all the incentives you need to Make it in! Mercer County!

Corporate Expansion Solutions

Local low-interest revolving loan funds:

  • Penn-Northwest manages and administers a multimillion dollar revolving loan fund that compliments many other sources of funding.
  • Available to eligible new and expanding industrial, manufacturing, warehouse, distribution, business-to-business and advanced technology firms in Mercer County.
  • Can be used for land and building acquisition, renovations, new/used machinery and equipment purchases and limited working capital.

Site-Specific Incentives

The PA Keystone Opportunity Zone:

  • Mercer County has over 500 acres of property located in designated Keystone Opportunity Zones.
  • This designation eliminates specific state and local taxes within identified underdeveloped and underutilized areas, including Corporate Net Income Taxes, Capital Stock & Foreign Franchise Tax, Personal Income Tax, Sales & Use Tax, Bank Shares & Trust Company Shares Tax, Alternative Bank & Trust Company Shares Tax, Mutual Thrift Institutions Tax, Insurance Premiums Tax.
  • Additionally, it exempts Earned Income/Net Profits Tax, Business Gross Receipts, Business Occupancy, Business Privilege & Mercantile Taxes, and Local Real Property Tax.

Industrial Bond Financing

Small manufacturers and non-profit 501(c)(3) corporations may be eligible for taxable bonds through the Mercer County Industrial Development Authority (MCIDA):

  • The MCIDA issues taxable bonds as stand-alone transactions.
  • Bond funds are loaned to businesses and can be used to finance land, building, and new machinery and equipment. The rate is usually about 85% of the prime rate with terms similar to conventional financing.

PA State Incentives

The below is just a sample offering of the Affordable Solutions for Corporate Expansion available in Mercer County.

Pennsylvania Industrial Development Authority (PIDA)
Low-Interest Business Loans

The Pennsylvania Industrial Development Authority (PIDA) provides low-interest loans and lines of credit for eligible businesses that commit to creating and retaining full-time jobs in Pennsylvania. These funds can be used for various purposes, including:

  • Land acquisition and building
  • Construction and renovation costs
  • Machinery and equipment purchases
  • Working capital and accounts receivable lines of credit
  • Multi-tenant facility projects
  • Industrial park projects

Penn-Northwest will package and help underwrite your loan application in partnership with PIDA.

PA Manufacturing Tax Credits (MTC)
Offset Business Tax Liabilities

Manufacturing Tax Credits (MTC) can be used to offset various business tax liabilities. Our team specializes in helping eligible businesses secure these tax credits, providing up to $1,000 or more per new job created.

WEDnetPA Program
Employee Training Funds

The Workforce and Economic Development Network of Pennsylvania - WEDnetPA - program provides qualified employers with training funds for both new and existing employees. These funds can be utilized for a wide range of training programs, categorized as follows:

  • Essential Skills Training: Up to $2000 per trainee, per year

We are here to assist you in securing these valuable training funds for your workforce development needs.

Pennsylvania First Program (PA First)
Facilitate Investment and Job Creation

The Pennsylvania First Program (PA First) serves as a comprehensive funding tool to promote increased investment and job creation within the commonwealth. Our team is dedicated to assisting your eligible business in securing financial support, which may include grants, loans, or loan guarantees for various purposes, including:

  • Machinery and equipment purchases
  • Job training
  • Infrastructure development
  • Land and building improvements
  • Environmental assessment and remediation
  • Acquisition of land, buildings, or right-of-ways
  • Working capital
  • Site preparation, demolition, and clearance

Contact us to explore the opportunities provided by PA First and how we can help your business thrive.

Get in contact!

Ready to grow your business in Mercer County? Reach out to us now!

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