The Huntingdon County Commissioners have received approval for a 1,500 acre Enterprise Zone stretching from Alexandria to Mt Union. Through this program, businesses located within the zone are eligible to apply for low interest loans for projects intended to retain or create jobs in the county. Eligible projects range from land and building purchase to expansion of existing facilities to machine and equipment acquisition or modernization. *
Competitive Loans
Up to $350,000 or 30% of project total cost
4% interest
Designed for companies with at least a state-wide market
Money is granted to County from State and loaned to company
Loan payments enter into Revolving Loan Fund and stay in County
Revolving Loan Fund
From $15,000 to $75,000, or 50% of project total cost
Low interest (prime to 2%)
Administered locally
Competitive Tax Credits
Complements EZ competitive loan program
Up to $500,000 in state-level tax credits for improving buildings or land
Limited to businesses subject to one or more of the following:
- Corporate Net Income Tax
- Bank and Trust Company Shares Tax
- Mutual Thrift Institutions Tax
- Gross Premium Tax
- Title Insurance Shares Tax
- Capital Stock Tax
- Foreign Franchise Tax
*Application must be submitted prior to the start of the project
For information on the Huntingdon County Enterprise Zone contact:
Huntingdon County Business and Industry (HCBI)
Sill Business Incubator
419 14th Street
Huntingdon, PA 16652
814-641-6697