Archive for the Blog Post Category

Economist predicts recession will hold off until 2021

“Our stance is a recession is perhaps two years away. The U.S. economic expansion continues to about 2021,” Daniel Crawford, managing director and chief investment officer of First National Bank Wealth Management, told about 200 business and community leaders last week at the Economic Growth Connection of

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Act Now: 2.75%-3.75% Interest Rates for Businesses

New Low Rates for Businesses Through Mar. 31 The Pennsylvania Industrial Development Authority (PIDA) provides low-interest loans and lines of credit through certified economic development organizations (CEDOs) for eligible businesses that commit to creating and/or retaining jobs, as well as for the development of industrial parks and

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EGC Board Member Named PA Superintendent of the Year

Governor Tom Wolf joined Secretary of Education Pedro A. Rivera and educational leaders from across the commonwealth today to recognize Dr. Gennaro R. Piraino, Jr., Superintendent of the Franklin Regional School District, as the 2019 Pennsylvania Superintendent of the Year. We are proud to have Dr. Piraino

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Grants Available to Reduce Pollution and Save Money

Grant funding for energy efficiency and pollution prevention projects for small business owners and farmers is still available from the Pennsylvania Department of Environmental Protection (DEP) through the Small Business Advantage Grant program. Pennsylvania-based small business owners with 100 or fewer full-time employees are eligible for the

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2018 Annual Awards Reception

Please join the EGC in honoring Tenaska, Municipal Authority of Westmoreland County, and Bruce Corna, Vice President of KACIN Companies. Monday, November 5, 2018 NEW LOCATION: The Palace Theatre View more information including sponsorship and ticket options here.

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EGC Announces New DCED/CFA Grant Program for the Dairy Industry

The Pennsylvania Dairy Investment Program was established under Act 42 of 2018 for research and development, organic transition, value-added processing, and marketing grants in support of Pennsylvania’s Dairy Industry. The program is administered jointly by the Department of Community and Economic Development (DCED) and the PA Department

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Penn State New Kensington awarded $75,000 grant

The EGC is the financial administrator of the West Penn Power Sustainable Energy Fund which recently awarded of $75,000 grant to Penn State New Kensington. The grant will aid Penn State New Kensington in incorporating sustainability and best practices to the Corridor of Innovation and revitalization efforts

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Two Westmoreland County Businesses Awarded PIDA Loans

Governor Tom Wolf announced new low-interest loan approvals through the Pennsylvania Industrial Development Authority (PIDA) program for Astley Precision Machine Company and Zilka & Company, which will help create and retain approximately 125 jobs statewide. The loan funding will assist businesses with the costs of expanding into larger, more capable

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PIDA Financing Rates are still LOW!

PIDA Financing Rates are still LOW! Interest Rates on Commercial and Industrial Loans are very competitive, so act today. The rates and terms available through June 30, 2018, are: Fixed interest rate for the full term of the loan (up to a 15-yr. period), set at the

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Foam manufacturer awarded $2M in low-interest loans

Foam manufacturer awarded $2M in low-interest loans

Today, Governor Tom Wolf announced new low-interest loan approvals through the Pennsylvania Industrial Development Authority (PIDA) program, including a $1.7 million, 15-year loan at a 2 percent fixed rate and a $300,000, 10-year loan at a 2 percent fixed rate through Economic Growth Connection of Westmoreland for

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