Pennsylvania Industrial Development Authority (PIDA)

The Pennsylvania Industrial Development Authority provides low interest loans to support manufacturing, industrial, and technology companies that are investing in capital assets. PIDA loans can fund building acquisition, construction, machinery, and facility improvements. The program’s long amortization terms and below market interest rates help companies manage project costs more effectively.

Applicants must work with certified economic development organizations to prepare financials, project budgets, and engineering details. The state reviews job creation potential, productivity improvements, and the strategic value of the investment. Manufacturers and logistics firms frequently benefit because their expansions generate significant regional economic impact.

PIDA works well as part of a financing stack. Companies often combine the loan with PA First grants or federal incentives to reduce reliance on commercial lending. This layered approach improves liquidity and increases the feasibility of large capital projects.

Pennsylvania’s focus on long term competitiveness ensures that PIDA funding supports projects with clear economic benefits. Companies with strong financial histories and scalable plans tend to receive favorable consideration.