Funding assistance is one of the many ways that CAN DO provides help to new and existing employers throughout Luzerne County. CAN DO has access to a variety of financing sources and offers its expertise to assist businesses in obtaining the necessary funding for projects. CAN DO’s business financing specialists can help identify the appropriate funding sources and package and complete applications.
Many financing types are available in the form of both grants and low-interest loans. Some of the grants and low-interest loans include land and building acquisition loans, Small Business First loans, machinery and equipment loans, workforce training grants, and job creation and investment loans.
CAN DO has been certified by the Pennsylvania Department of Community and Economic Development as an industrial development corporation (IDC) and an area loan organization (ALO), enabling the organization to act as a conduit for state funding. CAN DO has more than 55 years of experience of helping companies obtain local, regional and state funding for a variety of projects.
Vice President of Sales and Marketing Joseph Lettiere said CAN DO looks to connect companies with the appropriate resources to meet their needs. “CAN DO is a liaison between businesses that require assistance and organizations that provide incentives for such projects. Throughout our history, we have assisted hundreds of companies in startups, acquisitions and expansions. Our experience and the relationships we have developed save companies time and money.”
CAN DO’s financing experts guide companies through all stages of the process, beginning with explaining the variety of available funding packages. They can also help with completing and submitting funding applications.
“Through its affiliation with state and regional agencies, CAN DO is able to assist area businesses in making their projects more viable by obtaining the necessary investment and securing favorable loan conditions,” said CAN DO Director of Economic Development James Kelshaw.
Recently, CAN DO helped secure more than $2.5 million in funding for two northeastern Pennsylvania companies through new state low-interest loans recently approved by the Pennsylvania Industrial Development Authority (PIDA).
The loans include $2.2 million for DHD Realty to renovate a downtown Hazleton office building and $285,000 for Pittston-based GT Fabrication, Inc., to buy a new manufacturing facility that is located outside of a flood plain.
The approvals were announced by Gov. Tom Corbett as part of his JOBS1st PA initiative, supporting the continued growth of manufacturers and regional efforts to redevelop old and abandoned buildings for new growth opportunities.
To learn more about the types of funding available that could assist your project, visit www.hazletoncando.com or contact 570-455-1508.
