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One S. Church Street, Suite 200, Hazleton, PA 18201
p: 570.455.1508   f: 570.454.7787

  • Prime Location

    Prime Location

    Greater Hazleton is strategically located near Interstates 80, 81, 84, 380 and 476, and puts your company within a 300-mile radius of 25% of the population and total production of the entire nation.

  • Food Processing Cluster

    Food Processing Cluster

    See why companies such as Cargill Cocoa, Hershey Company, Bimbo Bakeries, Cargill Meats, ARYZTA and Citterio USA all have processing facilities in the area.

  • Tax-free KOZ Sites

    Tax-free KOZ Sites

    CAN DO has one of the largest selections of KOZ-approved sites in the Commonwealth, many of which offer benefits through 2019.

  • Business Financing

    Business Financing

    CAN DO is a PA DCED-authorized Area Loan Organization. We can handle most of your small business financing needs.

CAN DO announces that record-low business financing with interest rates between 2 and 3 percent is now available

CAN DO, Inc., the economic development organization serving Greater Hazleton and beyond, announced that Pennsylvania Industrial Development Authority (PIDA) products and loans are available at record-low interest rates for the 2016 third quarter.

Interest rates for several products dropped a quarter of a percent since the second quarter, including those for fixed interest rate full-term loans for up to a 15-year period.

PIDA loan applications must be packaged, underwritten and submitted by a Certified Economic Development Organization such as CAN DO, which is authorized to assist with applications in Greater Hazleton and throughout Luzerne County.

PIDA provides funding up to 50 percent of project costs for eligible businesses that commit to creating and retaining full-time jobs. The new rates are in effect for loan applications received through September 30, 2016.

“These record-low interest rates make this an ideal time for businesses to take action on any building or expansion projects or equipment upgrades they may have been considering. To be able to receive a fixed interest rate of three percent for a full-term loan up to 15 years is unheard of,” CAN DO Director of Economic Development James C. Kelshaw said. “As a Certified Economic Development Organization for the Commonwealth of Pennsylvania, CAN DO can assist businesses with PIDA financing as well as additional financing needs.”

Borrowers seeking real estate loans for financing eligible land and building costs for owner-occupied property acquisition, and expansion, or industrial multi-tenant buildings have two interest rate options. The fixed interest rate for the full term of the loan (up to 15 years) has dropped to a fixed rate of 3 percent. The second option is a seven-year fixed rate of 2.25 percent with a reset for the remaining term. Loans can go up to a maximum of $2,250,000.

To be eligible for real estate or equipment loans from PIDA, borrowers must commit to creating one full-time job for every $50,000 borrowed or retain one full-time job for every $35,000 borrowed over a three-year period.

Equipment loans will have a 3 percent fixed rate for up to a 10-year term with a maximum loan amount of $400,000.

PIDA’s working capital and accounts receivable lines of credit also hold a 3 percent fixed rate for a one-year period.

Eligible businesses, with the exception of mining enterprises and developers, with 100 or less full-time employees can receive up to $100,000. A match is not required except for service enterprises, which are required to match 50 percent. Eligible businesses with less than 250 full-time employees involved in exporting activities can receive up to $350,000 and no match is required.

Pollution prevention and energy efficiency loans now have a 2 percent fixed rate for the full term of the loan.

For more information on accessing the new rates, contact James C. Kelshaw at CAN DO, Inc., at (570) 455-1508.

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  Prime Location
 
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Located directly along the I-81 corridor in Northeast Pennsylvania and just minutes from I-80, Greater Hazleton offers an ideal location, just two hours to New York City and Philadelphia and within a day's drive of half the nation's population.

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  About CAN DO  
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CAN DO, Inc. is a non-profit industrial/economic development corporation serving Greater Hazleton in Northeastern Pennsylvania.

Our mission is to improve the quality of life in Greater Hazleton through the creation of employment opportunities.[Learn more]

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  Workforce  
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Locate in Greater Hazleton, PA and enjoy access to our skilled, available workforce.
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  Follow CAN DO  
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  CAN DO Food Blog  
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  Featured Properties  
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HIPEast106

Humboldt Industrial Park East
Site 106

Learn more...

HIP-E-Site-103

Humboldt Industrial Park East
Site 103

Learn more...

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  CAN DO Industrial Parks
 
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CAN DO has several industrial parks:

Business Financing

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Receive assistance with business financing from CAN DO.

Cranberry Creek

Cranberry Creek

Residential, retail and entertainment options at this 366-acre park.

CAN DO Foundation

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Making a positive difference to the present and future well-being of the Hazleton area.

CAN BE, Inc.

CAN BE

Assistance for today's entrepreneurs from CAN BE, Inc.