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In addition to our loan and bond financing products, PIDC manages the Commonwealth's Redevelopment Assistance Capital Program (RACP) and the City's Tax Increment Financing (TIF) Program. PIDC also encourages use of the City's Job Creation Tax Credit Program. The Commonwealth's RACP program can provide matching grant funds to non-profit organizations that are undertaking new construction or substantial renovation to support job growth. For more information, please click here: Redevelopment
Assistance Capital Program The City's TIF program can make certain increased tax revenues generated by redevelopment of a vacant or blighted parcel available to finance associated development costs. For more information, please click here: The Commonwealth recently established a Business In Our Sites program which provides grants and loans to fund land acquisition, environmental remediation and infrastructure investment. For more information, please click here: PIDC Loan Program staff is available to provide each client with customized assistance in economic feasibility analysis and in structuring of public funding. To explore these opportunities for your business or development project, please complete our pre-application questionnaire.
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