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Financing Announcements
 
Montgomery County Opportunity Loan Program - 2018 Guidelines
 
Updated guidelines for the Montgomery County Opportunity Loan Program (MCOLP) have been released. As the Commerce Department's flagship economic development program, the Montgomery County Opportunity Loan Program (MCOLP) is a cooperative initiative of the County government, the Montgomery County Development Corporation (MCDC), and the Montgomery County Industrial Development Authority (IDA). The loan program offers fixed rate and term loans to help businesses grow, increase productivity, and maximize the value of their investments in Montgomery County, Pennsylvania.
 
MCOLP is designed to be utilized as a traditional economic development "gap financing" tool in conjunction with commercial lenders as well as other public sector and non-profit sector lenders. Successful applicants will work with the Commerce Department and other lending institutions to fund a project (such as an equipment purchase or a building expansion). The advantages of utilizing MCOLP funding as part of a project's funding include a reasonable fixed rate and term.
 
To download the new guidelines, visit: https://www.montcopa.org/1713/Loan-Program
 
PIDA Financing Announcement
 
The Pennsylvania Industrial Development Authority (PIDA) recently updated its interest rates for the quarter beginning January 1st, 2018. As the Certified Economic Development Organization (CEDO) for Montgomery County, MCDC can work with prospective applicants and their financial institutions to prepare and submit applications for PIDA funding. Terms and rates vary depending on the type of business, the project, and the use of funds. For additional information on the PIDA program, contact Catherine Lawrence ( Clawrenc@montcopa.org ).
 
The current guidelines for the PIDA program can be found here: https://dced.pa.gov/programs/pennsylvania-industrial-development-authority-pida/

Meet MCDC's Newest Member
 
CBIZ Benefits and Insurance Services, Inc.

Stuart Klein, Vice President, Employee Benefits
267-994-9072

We provide in-depth consultation, planning and administration of employee benefits to mid-market companies. Our national resources and local presence allow us to function as a true partner for our clients.

Upcoming Events
 

January 24, 2018   - Registration is Required and limited

February 13, 2018

  • MCDC MCRE Brokers & Breakfast - Hosted by The Galman Group 

 

 MCDC Calendar of Events

Member News and Events
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Baum, Smith & Clemens, LLP:  How will Tax Reform Impact Your Business
Health Mats:   Eagles Autism Challenge
Montgomery County Chamber of Commerce:  News and Events
The Chamber of Commerce for Greater Montgomery County:  You are invited - Tax Cut and Jobs Act 2017 Update Program

Member Renewals
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On behalf of the Montgomery County Development Corporation, we would like to take this opportunity to thank you for your support. Your membership and participation has helped us achieve many accomplishments. We will continue to strive to improve both the quality and quantity of services and benefits to help grow your business and you professionally. We are particularly proud of the opportunity we have to partner with you to grow leaders!
Thank You!

Customers Bank - member since 2013
DVIRC - member since 1999
Greater Valley Forge TMA - member since 2008
Heffernan & Partners - member since 1989
Indian Valley Chamber of Commerce - member since 1998
Life Sciences Pennsylvania - member since 2012

PECO an Exelon Company - member since 1998
Rockland Immunochemicals, Inc. - member since 2012
Seedcopa - member since 1972
Terravida Holistic Centers - member since 2017
TriCounty Area Chamber of Commerce - member since 1991 
Wells Fargo Bank - member since 2016
West Corporate Partners LLC - member since 2017

 
MCDC's Supporting and Investor Members
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The Montgomery County Development Corporation (MCDC) is an independent not-for-profit, membership based organization dedicated to the economic development of Montgomery County. The mission of the MCDC is to promote the growth of business, industry and civic welfare in Montgomery County, Pennsylvania and to facilitate the exchange of information between and among businesses, industry and the governmental institutions