Harborcreek Township and the Erie County Redevelopment Authority (ECRDA) are excited to announce the creation of the Harborcreek Township Business Development Revolving Loan Fund. This new resource aims to provide flexible financing options for businesses investing in or seeking to locate in Harborcreek Township.
“We are thrilled to partner with the Erie County Redevelopment Authority for the Harborcreek Township Business Development Revolving Loan Fund. It is another piece of the puzzle related to development of our business corridors. Coupled with our aggressive but short-term tax abatement program, reduction of some fees, and appropriate zoning changes, this fund is instrumental in implementing our smart growth plan”, said Harborcreek Supervisor Dean Pepicello.
ECRDA has existing partnerships with Summit and Millcreek Townships. Adding Harborcreek will allow the ECRDA to offer additional assistance to businesses throughout the county. The Summit and Millcreek funds have provided nearly $3 million in capital to more than two dozen businesses in their respective communities.
ECRDA Vice President of Capital & Lending Chris Groner commented, “Harborcreek is the fastest growing township in Erie County, and we are seeing an increase in demand for flexible gap financing. This type of funding has shown to be critical for business development and expansion. We look forward to working with the Harborcreek business community and those looking to locate in the township. This partnership is coming at the right time and this fund now gives Harborcreek Township an additional tool to grow their business sector. “
For more information on ECRDA's financing programs, please visit ECRDA.net.