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New Economy Fund

The Bucks County Industrial Development Authority has over $2 million in discounted financing to  assist companies looking towards "intelligent growth," meaning:
  • Supports and encourages the revitalization and adaptive reuse of older, vacant, and abandoned or underutilized industrial and manufacturing facilities
  • Utilizes Bucks County’s strength as a major freight center, in road, rail, and water
  • Capitalizes on good job opportunities and sustainable wages in areas including, but not limited to, biotechnology, life sciences, transportation, advanced manufacturing, distribution and related support enterprises in management, logistics, and Information technology
  • Builds on the Bucks County’s comparative economic advantage in the fields of healthcare, medical device manufacturing, and health care delivery
  • Promotes job creation of sustainable wage and high skilled jobs essential to retain our young adult cohort, the future business and civic leaders, entrepreneurs, and innovators Buck County will need to support a 21st Century economy
As much as $500,000 in funding from this program is available to businesses and investor/developers to support these kinds of ventures, so long as there is at least a dollar for dollar match in debt and equity financing. One new full time job is created for each $35,000 dollars of New Economy Fund dollars invested when the borrower shows strong evidence of being able to pay back any loans made.

For more information, or for an application, please visit the BCIDA website at http://buckscountyida.com/services.php#new-economy-fund.

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