Infrastructure Development Program (IDP)

Provides grants and loans for infrastructure construction and rehabilitation which is necessary to complement capital investment by private companies and private developers

Municipalities, industrial development authorities and corporations, municipal authorities, redevelopment authorities and local development districts may apply for IDP assistance on behalf of eligible private companies and private developers. Private companies and developers may not apply directly for IDP funds.

Private companies engaged in agricultural, industrial, manufacturing, research and development and export service enterprises are eligible to leverage IDP assistance provided:

• they locate or expand at a Pennsylvania site

• invest private capital at the site of at least $2 for every $1 of assistance

• create one new full-time job for each $25,000 of assistance received, or 10 new full-time jobs (whichever is greater) at the site within five years after assistance is awarded

• must retain existing number of employees for five years

Private developers may leverage IDP assistance if they are developing real estate for use by more than one eligible company or if they are redeveloping former commercial sites for new commercial uses.

• individual grants may not exceed $1.25 million
• individual loans may not exceed $1.25 million

• it must be demonstrated that the infrastructure improvements are necessary for the efficient, cost-effective operation of a private company or successful marketing of the facility by a private developer and that the project would not be possible without IDP funds
• the applicant, private company or private developer must be able to repay the loan and provide adequate security to cover the cost of the loan
• the private company or private developer must be financially sound and able to fulfill its commitments to DCED
• projects must be completed within the timeframe established in the grant or loan agreement and must be consistent with the economic development plans, complying with code enforcement, building inspection and all other local requirements

• interest rates and terms will be set by DCED but no term will exceed 15 years
• principal and interest payments for loans made by public entity applicants to a private developer or private company may be retained by the applicants who service targeted communities and who demonstrate their capability to successfully administer a DCED-approved revolving loan fund

N/A

Negotiated for loans on a project-by-project basis

Please contact  Pat Winsor for full details and assistance.