Business Development Program Profiles

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The goal of the Luzerne County Business Development Loan Program is to attract new
business to the area, as well as strengthen existing businesses, thereby creating new
employment opportunities, generating additional tax revenues and stimulating the
overall area economy. The Business Development Loan Program addresses these goals
by providing low interest loans to eligible businesses.  
 
To apply for a  BDLP LOAN    please fill out the following  Application 
and return it to our office:
 
 
                                                                 Mail to:         Luzerne County Office of Community Development
                                                                                             54 West Union Street
                                                                                             Wilkes-Barre, PA  18711
                                                                  
                                                                 Phone:          570.824.7214
 
                                                                      
                                                                 Email to:       Joseph Zeller III ~ Joe.Zeller@luzernecounty.org
 
                                                                                               
                                                                 FAX to:         570.829.2910
 
 

 
Business Development Programs:
  
The goal of the Industrial/Business Park Incentive Program is to create new quality employment opportunities, while promoting the sale of land in County industrial/business parks.  The program is designed to offer financial incentives to attract businesses creating quality employment opportunities to eligible Luzerne County industrial/business park sites owned by an Industrial Development Corporation (IDC).  To apply for this Program, please fill out the application below:

 

 

The goal of the Luzerne County’s Employment Incentive Loan Program is to create improved employment opportunities while strengthening our labor market through job training opportunities. The program is designed to attract new business to the area, as well as strengthen existing businesses, that will lead to the creation of quality employment opportunities that will lead to higher earning opportunities and enable lesser skilled members of the work force to successfully benefit from these employment opportunities through job training. 
 
 
 
Under the Program an applicant can finance eligible activities either through the Capital Market or depending on the size utilizing a conventional bank. Since the interest that is paid on the bonds is exempt from federal and state income tax, the interest rate is reduced. The interest rate on the bonds is dependent on the financial strength of the Non-Profit, the marketability of the assets that securing the issue or credit enhancements. The term of the bonds is tied to the life of the asset being financed.
 
  
The Private Activity Bond Program is offered by the Luzerne County Council, through a cooperative effort between the Office of Community Development and the Industrial Development Authority.
 
 
 

 

 Joseph Zeller, III
Deputy of Business Development
P: 570.824.7214
F: 570.829.2910
E: Joe.Zeller@luzernecounty.org

Last Updated: 07/02/14 12:48:05
Programs
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