Business Assistance
We welcome you to discover what Lycoming County has to offer for financial and technical assistance in the areas of expansion, taxation, job training, job creation, research, development and small business development.Â
Keystone Opportunity Zone
Lycoming County offers Keystone Opportunity Zone properties that eliminate state and local taxes until the year 2024! Utilizing these properties is a huge benefit to business owners. In addition, we have an active Keystone Innovation Zone available for businesses.
Get your business up and running, virtually tax-free! Our municipal governments and local school districts have joined the State of Pennsylvania’s economic development initiative which eliminates all state and local taxes until 2024 for selected new industries. Lycoming County has approximately 1200 acres of KOZ properties, both buildings and pad ready sites.
Want More Information on Keystone Opportunity Zone?
Keystone Opportunity Zone
Revolving Loan Fund: Financing Solutions for your Business
The Revolving Loan Fund can provide the finances needed to increase business and ensure economic prosperity.
Dave’s Pro Auto Service is expanding and will be moving into their new location at 224 S. Market Street, South Williamsport in early 2019. The Revolving Loan program provided additional financing for the project which included real estate and new equipment. The new location will provide the business with twice the space of their previous facility.
“Nancy was very helpful in getting the loan approved. It is a good program to help businesses expand.”Â
– Dave Basuinger, Daves Pro Auto Service Inc.
Financing Solutions:
- Building Renovations
- New Construction
- Equipment Purchases
- Expansion
- Working Capital
- $5,000 – $50,000 loans
- Low fixed interest rates
- 3 year working capital loans
- All other loans up to 7 years
- Small Business friendly
- Simple Application Process
*Some fees and restrictions apply
Application Criteria:
The Revolving Loan Fund is available to:Â Individuals, Corporations, Limited Liability Companies, and Non-Profit Organizations. Businesses with gross sales less than $1,000,000 annually or employs less than 50 people. Principle place of business or significant amount of business in Lycoming County. Startup enterprise, expansion of existing business or relocation of business to Lycoming County.
Discover how the Revolving Loan Fund can assist your business needs:
Revolving Loan Fund Terms, Policies & Procedures
For more information regarding the Revolving Loan Fund, please contact:
Bo Hornberger, Vice President & Chief Financial Officer, Williamsport/Lycoming Chamber of Commerce
Email: bhornberger@williamsport.org Phone: (570) 320 – 4206
Financial Incentive Programs
The business assistance programs available from Lycoming County and the Commonwealth of Pennsylvania provide a lending hand when it comes to expansion, relocation, taxation, job training, job creation, research and small business development.
The Local Economic Revitalization Tax Assistance (LERTA) Act, Act 76 of 1977, P.L. 237; 72 P.S. § 4722, is a creative way to implement strategic financial opportunities for communities that desire property owner driven revitalization. Many Pennsylvania municipalities have developed a LERTA program for their communities to encourage this beneficial reinvestment. Municipalities that have LERTA sites grant property owners a tax incentive to improve their properties within an area designated for revitalization.
The Neighborhood Assistance Program, Enterprise Zone Tax Credit (NAP/EZP) is an incentive program that provides tax credits to businesses or private companies investing in rehabilitating, expanding, or improving buildings or land located within designated enterprise zones. It’s uses include real property improvements such as rehab, expansion or physical improvements to buildings or land resulting in jobs created or retained. Any private company with an investment located in an enterprise zone.
The Industrial Properties Corporation is pleased to assist your business that is looking to relocate or expand by providing confidential information on available properties that may suit your needs. We can also provide you with information on Lycoming County and answer any questions you may have while making your decision.
- IPC Mission: To facilitate the creation of high quality jobs, work in cooperation with partnerships to increase and improve infrastructure, attract new capital investment, retain and expand existing businesses, improve per capita income and generally improve the quality of life in Williamsport and Lycoming County Pennsylvania. Industrial Properties Corporation has a strong commitment to economic development and future success for our community.
- The Industrial Properties Corporation (IPC) is the Chamber’s Economic Development division of the Williamsport/Lycoming Chamber of Commerce. This division is responsible for coordinating the retention efforts of our existing industry while also positioning Lycoming County for new development opportunities.
- In 1941, the Williamsport/Lycoming Chamber of Commerce formed the Industrial Properties Corporation, a 501 c6 organization, which is composed of local business and community leaders, to coordinate economic development activities and initiatives in Lycoming County.  The IPC activities are governed by a separate Board of Directors who are nominated by a Nominations Committee of the IPC and then ratified by the Board of Directors of the Chamber who act as the membership of the corporation.
The Industrial Properties Corporation focuses on the following Economic Development Services:
- Business Assistance
- Marketing & Development
- Revolving Loan Fund
- Business Retention and Expansion Program
- Partnerships for a Better Lycoming County
- Financial Assistance
Contact us at:
Industrial Properties Corporation
The economic development division of the Williamsport/Lycoming Chamber of Commerce
102 West 4th Street Williamsport, PA 17701
(570) 326-1971
Williamsport/Lycoming Chamber of Commerce
102 W. Fourth St.
Williamsport, PA 17701
(570) 326-1971
chamber@williamsport.org
