With interest rates high, affordable borrowing becomes a priority. BerksIDA may be able to help you lower your costs with tax-exempt financing. Tax-exempt financing is a borrowing arrangement in which the lender pays no federal or state … [Read more...] about Save Money on Borrowing Costs with BerksIDA
Welcome Diane Bujnovsky
Vicki Bentz recently retired from her role as Fiscal Officer at BerksIDA. A great asset to the organization, Vicki served with us for fifteen years. We wish her well in her retirement. In July 2023, we welcomed Diane Bujnovsky as Berks … [Read more...] about Welcome Diane Bujnovsky
Berks Benefits from Tax Revenue
Berks Park 183, a BerksIDA project, was partially returned to the tax rolls this year and will generate over $575,000 per year in tax revenue for Berks County on a site that previously sat vacant and generated nearly no taxpayer value for … [Read more...] about Berks Benefits from Tax Revenue
Berksida Partners With Berks County to Create New $5 Million Infrastructure Investment Fund
BerksIDA Managing $9.2 Million in RACP Grants
The Redevelopment Assistance Capital Program (RACP) is a Commonwealth grant program for economic, cultural, civic, recreational, and historical improvement projects that can’t obtain primary funding under other state programs. BerksIDA is … [Read more...] about BerksIDA Managing $9.2 Million in RACP Grants
Berks Park 183 Receives Substantial Funding
In July, BerksIDA’s newest industrial park, Berks Park 183, was awarded Business in Our Sites $2.8 million in grant funding from the Commonwealth Financing Authority as well as $4.2 million in favorable debt financing. This newest tranche … [Read more...] about Berks Park 183 Receives Substantial Funding