Apply through the Department of Commerce. The Commerce Department will award development grants to non-profit organizations to be used as gap financing for neighborhood based economic development projects. All grant awards will be determined based on proposal merit, financial need, and project readiness. Apply through the Department of Commerce. Comcast Loan Fund Seed money was contributed by the Comcast Corporation to establish a line of credit for small businesses to perform specific contracts or projects.
Funding is replenished through repayment by the borrowers.
Then Philadelphia's Keystone Opportunity Zone is the place for you. You must be current in all City and State taxes, fees, and liens and be in compliance with all City and State regulations such as health, zoning etc. You will have to be recertified each year. KOZ's are defined geographical areas within the Commonwealth of Pennsylvania and the City of Philadelphia, where the State and local municipality have agreed to waive virtually all taxes for businesses and residents within the boundaries for 12 years, beginning January 1, 1999. Details available through the Commerce Department.