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Lehigh Valley Economic Development Corp.

http://lehighvalley.org/

Recent Posts

Lehigh Valley Manufacturers, Distributors Could Save Taxes with Foreign Trade Zone

Posted by Lehigh Valley Economic Development Corp. on Tue, Feb 4, 2020

The Lehigh Valley has an incentive program that allows companies to improve cash flow, increase global logistics efficiency, and reduce redundant or unnecessary logistics costs.

The incentive program – a Foreign Trade Zone, or FTZ – is a physical location within a United States custom territory where merchandise receives the same treatment as if it were outside the commerce of the United States. Therefore, by establishing an FTZ at their facility, a business can defer, reduce or altogether eliminate their customs duties and other tariffs or taxes.

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Topics: Manufacturing

Pennsylvania Loan Program Introduces Significant Enhancements for Manufacturers

Posted by Lehigh Valley Economic Development Corp. on Thu, May 4, 2017

Significant program enhancements have been made to the Pennsylvania Industrial Development Authority program, which offers low-interest loans and lines of credit to eligible businesses that commit to creating and retaining full-time jobs.

The changes include an increase in the lending limit for machinery and equipment loans funded by PIDA’s Machinery Equipment Loan Fund (MELF) program. Lending was previously capped at $400,000, but that cap has now been increased to $1.5 million.

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Topics: Manufacturing

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