We offer low interest loans for land and building acquisition, construction and renovation, machinery and equipment purchase and refurbishing, resulting in the creation or retention of jobs. Offered through the Corry and Union City Enterprise Zone Loan Program, the program can be used to finance industrial development projects for manufacturing, industrial enterprises, and technology forms within the boundaries of the Corry and Union City Enterprise Zone .The terms of the loan generally are as follows:
- Used machinery and equipment up to 5 years
- New machinery and equipment up to 7 years
- Land and building up to 15 years
- The loan will take 1st or 2nd lien or mortgages on specific assets and will typically require business and personal guarantees.
The United States offers direct programs to businesses and developers through various departments such as the U.S. Department of Agriculture, the Economic Development Administration, the U.S. Department of Transportation and the Environmental Protection Agency. Corry Redevelopment has the network and knowledge to assist in identifying, applying and successfully obtaining funding through these programs.
We are a Commonwealth of Pennsylvania certified economic development partner. There are many state programs available and can be found online. The commonwealth are continually updating rates and program details. Please click below to find current information about these programs.
Enhance your business.
Contact us today to discuss how Corry Redevelopment Authority can assist your business improvement, expansion, growth, and advancement.