Services

MCIDC assists in solving the business requirements of the County

MCIDC provides a variety of services* to industry, real estate brokers, and consultants when considering Montgomery County. Here is a brief list of the programs available through the Corporation.

• Administration of the Pennsylvania Industrial Development Authority (PIDA) financing program.
• Administration of the Suburban Development Council (SDC) Revolving Loan Program.
• Administration of the Suburban Development Council Expanded Bridge Loan (SDCEBL).
• Packaging of the SBA 504 Loans.
• PEDFA - Tax Free and Taxable financing as well as IDA loans.
• Site and building location assistance.
• Expert assistance in obtaining State Grants for a variety of uses.
• Professional assistance and extensive exporting services for companies considering foreign markets as well as experienced companies looking for new markets.
• Professional assistance to stimulate entrepreneurial potential with investment capital, customized technology assessments, competitive analyses and strategic planning, and access to technology development resources.
• Professional assistance in helping manufacturers in the Philadelphia region compete and grow through education and training programs, consulting services, government affairs, workforce development, economic development partnerships, executive networking, regional initiative leadership and world-class best practices.
• Professional assistance to strengthen employee productivity in Pennsylvania’s workforce by channeling funds to firms who value linking training with business goals. Through WEDnet PA, companies can take advantage of Guaranteed Free Training, a funding program designed to leverage a firm’s training dollar and strengthen its competitiveness in the marketplace.
• Administration of the Philadelphia Regional Building & Construction Partnership Incumbent Worker Grant.
• Conduct Business Retention and Expansion Program (BREP) visits in Montgomery County.
• MCIDC serves as a liaison with the chambers of commerce, municipalities, and other organizations concerned with economic development.
• MCIDC provides consulting services to communities interested in expanding their economic development efforts. 

MCIDC is a source of support information such as demographics, statistics, wage rates, taxes, etc. necessary to help each company select the best location for their business.  MCIDC also publishes the Montgomery County Business and Industry Directory and the Montgomery County Industrial Parks and Office Complexes Directory.

* A complete description of each of our funding programs is available in the "Financial Assistance/Funding Programs" section.

Getting Started - The Process of Making a Deal

As with all journeys, the trip begins with the first step. With the MCIDC, the process begins with listening.

An individual or group with one or more of the following needs usually makes the first contact:

• Find a location, expand, or relocate from their existing location
  
• Establish the connections necessary for financial support
  
• Acquire support for a technological need
  
• Find a solution to a production problem

In this stage we listen and gather all of the information defining the requirements.

When analyzing the requirements several activities are conducted simultaneously. A search of our database is conducted to locate the availability and the specific details of a building, property, or site. A review of all MCIDC funding programs is initiated to see what program(s) may be suitable in the situation. Since MCIDC has more than 39 funding programs available to businesses in Montgomery County, each solution is customized to the specific requirements of the company or individual. In addition, MCIDC's in-house partners, Ben Franklin Technology Partners, Delaware Valley Industrial Resource Center, and the World Trade Center of Philadelphia will be referred to the individual or business to discuss in further detail the particular needs of the business.

The next step is to address the financial aspect of the building, expansion, and/or relocation activities. MCIDC will assist in the preparation and submission of the necessary funding applications to the appropriate agencies. MCIDC will schedule the necessary meetings with members of the Governor's Action Team (GAT), municipal officials, and conduct site tours if necessary. From start to project completion, MCIDC acts as a liaison with agency officials to keep the process moving and completed in a timely manner.

A completed Single Application for Assistance form begins the process. This one application allows businesses and individuals to apply simultaneously for one or more of the Commonwealth's economic and community development financial assistance programs. MCIDC is the point of contact for every Single Application submitted in Montgomery County. A member of our staff will answer your questions regarding the Single Application and provide general information on the available programs. They will help with coordination of resources, technical assistance and achievement of your company's goals.

The role of MCIDC is to be an active participant contributing to the positive state of economic development in Montgomery County. Our goal is to assist you by providing financing and technical assistance that will enable your business to grow and expand and create jobs for Pennsylvanians.

We look forward to the opportunity to work with you.