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Attracting Quality Employers to Northeastern Pennsylvania!

Financial Resources & Incentives

Northeastern Pennsylvania, along with the Commonwealth of Pennsylvania, want to make it easy for businesses to establish operations in our region. That’s why local and state governments have created dozens of programs to help businesses not only find funding but also succeed after their doors open. Our region offers a wide range of tax credits, grants and loan opportunities that can assist almost every type of business.


Some of our most popular programs include tax exempt locations, credits for creating jobs in Northeastern PA, and low interest loans and abatements to make building improvements.


To find a program to help your business in the state of Pennsylvania, visit the Pennsylvania Department of Economic Development's website.




Job Creation Tax Credits (JCTC)

The Job Creation Tax Credit Program (JCTC) helps eligible employers offset various Pennsylvania business tax liabilities.

  • The program offers a $1,000 state tax credit per new full-time job per year to employers who demonstrate effective development or deployment of leading technologies in business operations.
  • Businesses must create at least 25 new full-time jobs or expand their existing workforce by at least 20 percent within three years of approval.
  • Tax credits will not be applied until the workforce increase requirement has been met.


Keystone Opportunity Zones (KOZ, KOEZ/KOIZ)

Businesses/Sites or Buildings located in these designated zones receive abatement from certain state and local taxes including local real estate taxes and gross receipts taxes, as well as Pennsylvania's capital stock, franchise tax and corporate net income tax.


Pennsylvania Economic Development Financing Authority (PEDFA) Taxable Bond Program

The PEDFA Tax Exempt Bond (PEDFA) program assists in financing land and building acquisition, machinery and equipment acquisition and installation, as well as renovations and new construction.

Pennsylvania First Program (PA First)

Pennsylvania’s flagship program to help businesses is the Pennsylvania First Program, a comprehensive funding tool used to enable increased investment and job creation.

  • The program assists businesses, municipalities, and Industrial Development Corporations (IDCs), which intend to create or retain a significant number of jobs and make a substantial investment within Pennsylvania.
  • These businesses can receive support in the form of grants, low interest loans, and loan guarantees for job training, property acquisition, site preparation, land and building improvements, purchasing or upgrading machinery and equipment, infrastructure, environmental assessments, job training, and working capital.


Pennsylvania Industrial Development Authority (PIDA)

Low-interest loan financing through Industrial Development Corporations for land and building acquisition, construction and renovation, resulting in the creation or retention of jobs.


Small Business First (SBF)

The Small Business First (SBF) program provides low-interest loan financing for land and building acquisition and construction, machinery and equipment purchases, as well as working capital, for companies with 100 or fewer employees.


Ben Franklin Technology Partners Challenge Grant

Provides funds to businesses through the four Ben Franklin Technology Partners for access to capital, business expertise, technology commercialization services to advance the development of new technologies and for the generation, conservation, and transportation of alternative and clean energy.


More Funding Opportunities:



Ben Franklin Technology Partners 

Ben Franklin provides funding, business and technical expertise and access to a network of innovative, expert resources to both early-stage and established companies.

NEPA Loans

NEPA Loans are loans created for for-profit businesses in Northeastern Pennsylvania with an emphasis on manufacturing and industrial business. This type of loan helps businesses that will be creating more jobs in Northeastern PA.

SBA 504 Loans 

Business owners can receive long term, fixed-rate financing at reasonable interests rates with SBA Loans. Equity is typically limited to 10%.

Small Business Loan Programs - MetroAction

MetroAction specializes in working with people who cannot borrow from a bank due to lack of business experience, credit history or insufficient collateral.


Land Development and Construction Fee Waiver Program

A job-creation incentive program targeted toward businesses looking to expand or relocate operations in Lackawanna County.

  • The County will reimburse a portion or all municipal fees and construction permit expenses for businesses creating 10 permanent, full-time jobs in Lackawanna County.
Luzerne County’s Employment Incentive Loan Program

The goal of Luzerne County’s Business Development Program is to create improved employment opportunities while strengthening our labor market through job training opportunities.

  • In order to receive a loan under this program, the business must demonstrate a positive direct impact on the community in which it is located, on residents of that community, or on the local and/or regional economy.
  • The applicant must demonstrate the need for assistance through the program and commit to creating employment opportunities that meet the job creation incentives.
  • Loan funds are available for eligible businesses at an interest rate of 1.5% for terms of 7 or 15 years. The County can finance up to 50% of the eligible project costs.
  • Monthly repayments of principal will be required for the term of the loan.
  • County funds will be secured by a letter of credit from a financial institution.
  • Funding will be provided for land and/or business acquisition, construction/renovation activities, purchase of machinery and equipment, and professional and financial fees.
  • Funding may also be obtained for working capital by manufacturing firms.


To view the details of the program or for more information, please visit

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