January 2023 - Business Indiana - Indiana Gazette / The Blairsville Dispatch / Shopper’s Guide — 3
Indiana County Center for Economic Operations
RESOURCES: • Business / Industrial Parks • Multi - Tenant / Flex Buildings • Small Business Consulting • Business Plan Assistance • Financial / Tax Incentives • Education / Training Centers • Conferencing • Visitor / Tourism Information PROPERTIES: • Windy Ridge Business & Technology Park • 119 Business Park
INDIANA COUNTY REVOLVING LOAN FUND (RLF) Purpose: The RLF program provides fixed, low Ͳ interest financing to eligible businesses operating within Indiana County that commit to creating and retaining full Ͳ time jobs. Use of Proceeds: • Land & building • Machinery & equipment • Working capital Loan Amount: Up to $250,000 or 1/3 of the total eligible project costs, whichever is less. Interest Rate: The interest rate is set below the prime interest rate & fixed for the term of the loan. Term: • Land & building – up to 15 years • Machinery & equipment – up to 10 years • Working capital – up to 3 years If RLF funds have different uses then a blended term will be provided. Collateral: At a minimum, a lien on the asset financed will be required and the personal guarantee
from any owner with a 20% or greater ownership interest in the business. Jobs: One full Ͳ time job to be created or retained for every $35,000 borrowed. Participation: 10% Equity contribution
• Corporate Campus Business Park • Corporate Campus Office Building • Interchange Center • Highpointe at Indian Springs
HELPING BUSINESSES START, GROW AND PROSPER The University of Pittsburgh and Indiana University of Pennsylvania have formed a strategic partnership merging the Small Business Development Centers. The IUP Outreach Office has a dedicated management consultant on the IUP campus at 108 Eberly Hall. Please contact the SBDC office at 724.357.5729 to schedule an ap- pointment or to discuss how the SBDC can assist. The University of Pittsburgh Small Business Development Center (SBDC) as part of Pitt ’ s Institute for Entrepreneurial Excellence, provides business owners with the information and tools necessary to build successful businesses. The SBDC ’ s mis- sion is to develop and strengthen the businesses of Southwestern PA by imparting knowledge and expertise via professional consulting and education.
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