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Pennsylvania Statutes Title 73 P.S. Trade and Commerce § 400.2303. Grants

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) Requirements.--The department may approve applications and provide grants to designated industrial development organizations for all of the following:

(1) Operational, planning and promotional costs associated with all of the following:

(i) The attraction of new businesses to the area served by the industrial development organization.

(ii) The retention or expansion of businesses located within the area served.

(iii) The formation of start-up businesses within the area served.

(iv) The costs associated with the delivery of financial and technical assistance to businesses by the industrial development organization.

(2) Special purpose projects developed by the department to promote initiatives to improve the business climate or improve the work force of this Commonwealth. Guidelines for special purpose projects shall be published as a statement of policy under the act of July 31, 1968 (P.L. 769, No. 240),  1 referred to as the Commonwealth Documents Law.

(b) Nonprofit organizations.--The department may grant funding to a nonprofit organization designated under section 2302.  2 If the designated nonprofit organization fails to receive grants from the department, the county may designate a different industrial development organization to apply for and receive grants under this section.

(c) Funding.--Grants made under this chapter shall be in accordance with the following:

(1) Twenty-five percent of any annual appropriation received for grants under this chapter shall be equally divided and distributed among the 67 counties to be used for the purposes set forth in subsection (a)(i). If the county has not designated an organization under section 2302, funds to that county under this paragraph shall be distributed pursuant to paragraph (2).

(2) The remainder of the appropriation shall be distributed in a manner that ensures that each grant does not exceed an amount equal to 10¢ for each inhabitant of the county represented by the industrial development organization. Grant amounts under this paragraph shall be determined by the last preceding decennial United States Census or any authorized update of the census.

(d) Matching funds.--The department may require an industrial development organization to demonstrate the availability of matching funds held by or committed to the organization to support the application.

1 45 P.S. § 1102 et seq.
2 73 P.S. § 400.2302.
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Cite this article: FindLaw.com - Pennsylvania Statutes Title 73 P.S. Trade and Commerce § 400.2303. Grants - last updated January 01, 2025 | https://codes.findlaw.com/pa/title-73-ps-trade-and-commerce/pa-st-sect-73-400-2303/

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