Businesses
Allegheny County Economic Development (ACED), strives to provide equitable access to development resources for new and existing businesses. ACED offers technical assistance to inform business decisions, provides referrals to regional development partners, and offers project financing programs.
Technical Assistance
ACED understands the amount of planning to make a sound investment decision. The business development team can provide data about the local market and assistance with:
Financing and Incentives
ACED Authorities Financing Programs
For land development, acquisitions, expansions, and renovations
Commercial Property Assessed Clean Energy (C-PACE)
For commercial, industrial, multi-family, and agricultural property owners to obtain long-term financing for energy efficiency, renewable energy, and water conservation projects
Tax Incentives
Business tax incentives including abatements, increment financing, and exempt financing
Loans
Allegheny County Economic Development (ACED) commits to providing lending solutions for business owners within Allegheny County. ACED has many loan programs to help businesses overcome financing barriers encountered during the loan underwriting process at the bank.
ACED can also make referrals to regional partners who are non-traditional lenders who can work alongside each other to help fund your project.
Review these programs for possible funding for your business:
- EDA Revolving Loan Fund (RLF)
Up to $150,000 in gap financing, up to 40% of project costs, requires 10% equity, and one new FTE job created for every $35,000 borrowed. Allegheny County must be a lender of last resort; this means a denial letter from a traditional lender is required. Eligible uses of funds include fixed asset acquisition (Furniture, Fixtures & Equipment, Real Estate Acquisition, Construction or Build-Out).
- Environmental Protection Agency RLF
Loan funds support the expansion, redevelopment, or reuse of structures or vacant property that may contain the presence or potential presence of hazardous substances, pollutants, or contaminants. Eligible uses of funds include environmental studies, remediation, and other clean-up-related costs. There is no maximum loan, but the project must meet the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) definition of a brownfield.
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- Analysis of Brownfields Cleanup Alternatives
- Community Development Block Grant (CDBG) Loan Fund
Offers financing to support microenterprises and small businesses operating in low to moderate-income municipalities in Allegheny County.
- Minority Women and Veteran-Owned Small Business Loan Program
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Funding is available for short-term lending, debt refinancing, and term loans.
If you are interested in any of these loans, please complete the form below to have one of our staff follow up with you.
Click here to view form.