“To lessen the burdens of government.”
CIDC fulfills its mission by providing consulting services in the economic development and affordable housing development arenas to governmental and nonprofit clients. CIDC is a 501-c-3 nonprofit corporation chartered in the Commonwealth of Pennsylvania in 1992.
Tools/Methodology
- Private and public financing of fixed assets and working capital.
- Downtown revitalization (master plan evaluation, feasibility analysis, funding sources).
- Building economic delivery systems and training client staff in their implementation.
- Funding public facilities without the general obligation of any municipal entities.
- Packaging small business loans, grant applications and applications for other government financing.
- Researching new financing opportunities and federal regulations.
- Securing taxable and tax-exempt bond financing for commercial, industrial and municipal projects and affordable housing.
- Using the New Market Tax Credit program to stimulate investment in low-income areas.
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