CAN DO assists Milkhouse Creamery in completing application in just two weeks that resulted in $318,000 grant
As a Certified Economic Development Organization for Luzerne County, CAN DO has assisted companies in preparing grant applications that have resulted in local companies obtaining millions of dollars in funding for expansions and upgrades at their facilities. Although this process usually takes months to complete, CAN DO staff worked diligently to help Milkhouse Creamery LLC prepare an application in just two weeks that resulted in a $318,000 grant for the local dairy company.
CAN DO promotes Jocelyn Sterenchock to Director of Economic Development
CAN DO, Inc., announced it has promoted Jocelyn Sterenchock to Director of Economic Development. Sterenchock has served as CAN DO’s Coordinator of Entrepreneurial Services since September of 2017. In addition to continuing to manage CAN DO’s entrepreneurial development, she will be responsible for workforce development and many of the organization’s marketing initiatives as part of the new position.
Sterenchock will continue to manage all entrepreneurial development duties and responsibilities for both CAN BE and the CAN BE Innovation Center, which includes providing leadership in the procurement and management of programmatic funding for CAN BE in addition to oversight of all leases for tenants within the facility. She will also continue to develop and manage support programs for entrepreneurs and provide leadership for the overall promotion of entrepreneurship in Greater Hazleton primarily through THInC (the Hazleton Innovation Collaborative).
CAN DO announces new low interest rates for Business Financing programs
CAN DO, a Certified Economic Development Organization (CEDO) for Luzerne County, has announced the newly released interest rates from the Pennsylvania Industrial Development Authority (PIDA) and the Small Business Administration (SBA) 504 loan programs.
SBA 504 and PIDA are two revolving loan funds that assist in the growth of businesses of all sizes in Pennsylvania. They provide long-term, low-interest rate loans to eligible businesses that commit to creating and/or retaining full-time jobs. Eligible costs include, but are not limited to, land and building costs, machinery and equipment costs, refinancing of existing commercial real estate and/or equipment debt and working capital.