Lehigh County Small Business Grants – The Pennsylvania Industrial Development Authority (PIDA) offers loans with interest rates as low as 3.75% to eligible Lehigh Valley businesses for the acquisition of real estate, construction and renovation costs, and machinery and equipment . These rates are in effect until December 31, 2022. For complete program instructions, click here.
PIDA offers low-interest loans through Pennsylvania’s Certified Economic Development Organizations (CEDOs). LVEDC provides administrative and staff support to the CEDO of Lehigh Valley, the Lehigh Valley Economic Investment Corporation.
Lehigh County Small Business Grants
State, state, and federal agencies are providing financial assistance to small businesses impacted by the COVID-19 pandemic. Many programs have closed. This page provides important information and links to special government funding programs, as well as regular funding options available through LVEDC and the Lehigh Valley Lending Network.
Executive Phillips Armstrong Delivers 2022 State Of The County Address
Reimbursement grants of $10,000 to $100,000 for COVID-19-related expenses incurred by small businesses in the Lehigh Valley between Jan. 1-20, 2020-Dec. 31, 2022. The program is administered by Lehigh University’s Small Business Development Office. . Click here for more details and to apply.
All applications received since Nov. 30, 2022, will be reviewed accordingly. If the amount equals the application window, the grant will be disbursed in order. Applications will close when available funds are distributed or on December 31, 2022, whichever comes first.
Northampton County has partnered with the Greater Lehigh Valley Chamber of Commerce in a business grant program to share US Buyout Plan funds to help Northampton County businesses with 100 employees or less. The county has about $4 million in funds remaining to distribute to small businesses
Grants of up to $15,000 are available to qualifying businesses. Applicants must be actively employed in Northampton County and file a Pennsylvania tax return. Click here to apply.
Pa. Small Businesses Getting $267.8 Million In American Rescue Plan Funding
Lehigh County uses federal CARES Act funds to provide grants to tourism-related businesses in the Lehigh Valley. The grant program is administered by Lehigh County in partnership with Discover Lehigh Valley. For-profit and non-profit tourism businesses of any size that have been impacted by the COVID-19 pandemic can apply.
The Paycheck Protection Program (PPP) ends May 31, 2021. PPP borrowers can find information about loan forgiveness and other financial assistance programs on the Small Business Administration website ( SBA).
The COVID-19 Economic Injury Loan (EIDL) program is no longer accepting new applications after January 1, 2022.
The SBA offers auto loan assistance to businesses that already have 7(a), 504, and microloans. Borrowers do not need to apply for debt relief.
Chamber Highlights Covid 19 Funding Lehigh Valley Businesses Received
The CARES Act Employee Retention Tax Credit, which was established to encourage employers to keep workers on their payroll, has been extended to 70% of eligible wages through December 31, 2021. increasing the salary cap for employees to $7,000 in compensation per employee per quarter, or $28,000 for the year.
Employers who receive a PPP loan are eligible to receive the employee withholding tax credit, although the cost used to determine the PPP loan forgiveness amount may not include the cost of the employee withholding tax. ’employer.
The Lehigh Valley Lending Network (LVLN) is an award-winning, nationally recognized and unique partnership of local financial institutions with the goal of increasing efficiency and access to credit and other resources in the community private loans. The Lending Network also provides the client with the tools to maximize the use of economic development community incentives and connect borrowers to the Lending Network which provides business financing and fixed rate business loans and Lehigh Valley for machinery, equipment and more.
LVLN provides a way to allow commercial lending policies to be spread across multiple lending institutions at the same time. In addition, funding programs administered by the Lehigh Valley Economic Development Corporation (LVEDC) on behalf of economic development organizations in the Lehigh Valley area may be raised to assist with proposed projects.
The Supply Chain Empire
“We’ve all felt the weight of the past few years,” Armstrong said during a Feb. 17 speech. “However, with perseverance and determination, it’s time to shift our stance away from fear and complacency. It’s time we look to the future as one city, one Lehigh County.”
Held Feb. 17 at Coca-Cola Park in Allentown, the Lehigh Valley Economic Development Corporation (LVEDC) hosted the State of Lehigh County before a crowd, business leaders and government officials in accordance with current regulations on COVID-19. Safety rules 19.
Lehigh County is still in the longest period of emergency response in its history, Armstrong said. The district has implemented COVID-19 mitigation efforts in all district offices, such as HVAC maintenance, temperature checks, use of masks, continued social distancing, and daily monitoring of employees.
Future Is Now
The District continues to provide assistance for rental assistance, small businesses, and nonprofits as we approach 2022. Since last March, the District has helped more than 3,000 families keep their homes healthy. afloat during the emergency rental assistance program, Armstrong said. .
In partnership with the Greater Lehigh Valley Chamber of Commerce, Lehigh County has awarded up to $15,000 in grants to businesses with fewer than 100 employees. In 2020, the county awarded grants to more than 723 businesses, and in 2021 another 614 businesses received grants. financing of the American rescue plan.
“I’ve heard companies say they wouldn’t do it without these donations,” Armstrong said. “It’s money well spent and keeps our small business going.”
The Lehigh County Small Business COVID-19 Grant Program will open to the public for the third round of applications on February 1.
Lehigh County Oks Relief Grants For 8 Small Businesses
Eligible businesses can apply for up to $15,000 to help mitigate the impact of COVID-19 and related expenses, Armstrong said. Companies that have received funding in previous rounds are not eligible.
Additionally, the district continues to invest in its infrastructure by prioritizing needed expansions, renovations and improvements throughout the district, Armstrong said.
Preparations are underway to replace and repair or replace several Lehigh County bridges including the Wire Mill Bridge, Walnut Street Bridge, Devonshire Bridge, Geiger Covered Bridge, Mosserville Bridge and Manassas Guth Covered Bridge.
Construction has begun at the Cedarbrook facility in preparation for its new E-Wing. When complete, the new, four-story, 145,000-square-foot L-wing will accommodate 240 residents, no more than two per bedroom, with access to private bathrooms.
Lehigh County Commissioners Forward 5 Year Capital Spending Plan
These enhancements will lay the foundation for a superior resident experience and improve healthcare planning. The expansion is expected to be completed by the end of 2023.
“Despite the challenges of this disease, I’m proud to say that Cedarbrook is one of the few nursing homes in the United States to maintain a four-star CMS rating,” Armstrong said. “That means Cedarbrook has a higher standard of nursing care than other facilities across the United States, a higher standard than most.”
The Lehigh County Farmland Conservation Division reached new milestones and completed more than 26,000 farmland conservation acres this year, Armstrong said. Additionally, the Lehigh County Voter Registration Office hosts free online webinars to share information and resources with the public.
The zone maintains a bond rating of Aa. The stabilization fund is set at $25 million, preserving the county’s financial security, Armstrong said.
Executive Phillips Armstrong To Deliver State Of Lehigh County Address
The Lehigh County State Address is made possible through the support of its sponsors: Lehigh Valley Workforce Board, Lehigh Valley International Airport, and Lee & Associates.
Air Products Real Estate Director to Lead Business Development at LVEDC Kristin Cahayla-Hoffman, who spent more than a decade at Air Products’ corporate headquarters, will join the Lehigh Valley Economic Development Corporation (LVEDC) next week [.. .] Continue to next page
ALLENTOWN, Pa. — A total of eight Lehigh County businesses received grants Wednesday night from the state Department of Urban and Economic Development as part of the county’s COVID-19 Prevention Assistance Program.
Covid 19 Information And Resources
At the Lehigh County Commission meeting, lawmakers approved a resolution to award $78,000 to various agencies. Seven of these companies will receive $10,000 each, while one company will receive $8,000.
In a separate bill, the commissioners also approved the relocation of COVID funds from the Laurel and Whitehall power stations, which rejected them, to the Coopersburg power station. The cost is $20,500.
In other matters, the board approved four professional services contracts to provide services to residents of Cedarbrook Senior Care and Rehabilitation:
The commissioners have also resumed voting on the seller