Greater Reading Chamber Alliance
Success Stories In addition to growing crops and livestock, the Burkholder family of Richmond Township have become masters of growing through PIDA loan financing. Michael and Melissa Burkholder were approved by the Pennsylvania Industrial Development Authority (PIDA) for a $400,000 loan at its July 2019 board meeting. This low-interest loan was part of a financing …
In the case of a Berks County family, it was the financing! Low interest financing that is. The Greater Reading Chamber Alliance (GRCA), recently helped procure a $400,000 state loan through the Pennsylvania Industrial Development Authority (PIDA) to build a house to raise newborn chicks into egg laying hens, also known as chicken pullet house. …
GREATER READING OPPORTUNITY ZONES In December 2017, the United States Congress added a new economic development tool called Opportunity Zones to the tax code through the Tax Cut and Jobs Act of 2017. Opportunity Zones provide federal tax benefits to investors who make equity investments from realized capital gains in qualifying development projects or businesses …
The Pennsylvania Industrial Development Authority (PIDA) announced a limited-time drop in the interest rates for economic development loans to businesses. The PIDA program offers low-interest loans to eligible businesses that commit to creating and retaining full-time jobs. Right now, PIDA’s interest rates have been lowered to as low as 2.5% for real estate and 3.5% …
Continuing down the road from last month’s West Reading blog, Sinking Spring’s main business section also sits on Penn Avenue. The businesses highlighted below are in and around the Sinking Spring area and are new or opening soon. They are great additions to the local community and could be your next favorite store or way …