Industrial Development Authority (IDA)

Authorities

The Industrial Development Authority (IDA), issues tax-exempt obligations on behalf of small manufacturing companies, developers, and 501(c)(3) nonprofit organizations including, but not limited to libraries, museums, and charter schools. The goal is to help create and maintain jobs, eliminate and prevent blight, reduce air and water pollution, and spur business opportunities in Allegheny County.

Financing is generally offered at below-market interest rates, with repayment terms of up to 30 years. Proceeds can be applied to capital projects such as land acquisition, construction of new facilities, additions or renovations to existing structures, and equipment purchases.

Recently, the IDA supported the Westinghouse Arts Academy Charter School with a $14,480,000 bond issuance for the acquisition, construction, installation, renovation, furnishing, and equipping of the school in Wilmerding.

Westinghouse Arts Academy
Westinghouse Arts Academy

Eligibility

  • Small manufacturing projects must range from $1 million to $10 million.
  • For 501(c)(3) nonprofit organizations, initiatives of at least $1 million qualify.
  • Obligations can provide for construction, improvement, rehabilitation, revitalization, and financing of industrial, specialized, commercial, manufacturing, or research and development enterprises.

To Apply

The Pennsylvania Department of Community and Economic Development (DCED) offers a Single Application for Assistance that allows applicants to apply for financial assistance from approved state funding sources.

Apply Online

A paper Single Application for Assistance is also available.

Additional Information

Board Members

Meeting Schedule, Agendas, and Minutes

Budget and Audit Reports

Request Open Records

Click here to view form.

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