Alphabet Soup: Common Economic Development Terms Defined

BEDI: Brownfields Economic Development Initiative
BFTDA: Ben Franklin Technology Development Authority
BOS: Business in Our Sites Grants and Loans
BREP: Business Retention and Expansion Program
CDBG: Community Development Block Grant
CPWDC: Central Pennsylvania Workforce Development Corporation
DCED: Pennsylvania Department of Community and Economic Development
DLI: Pennsylvania Department of Labor and Industry
GAT: Pennsylvania’s Governor’s Action Team
HUD: U.S. Department of Housing and Urban Development
IDP: Infrastructure Development Program
KIZ: Keystone Innovation Zone
KOZ: Keystone Opportunity Zone
KWPA: Keystone Wood Products Association
LEDA: Local Economic Development Assistance Program
LERTA: Local Economic Revitalization Tax Assistance Act
MAG: Market Access Grant
MELF: Machinery and Equipment Loan Fund
PEDA: Pennsylvania Economic Development Association
PEDFA: Pennsylvania Economic Development Financing Authority Tax-Exempt Bond Program
PennCAP: Pennsylvania Capital Access Program
PennTAP: Pennsylvania Technology Assistance Program
PennVEST: Pennsylvania Infrastructure Investment Authority
PennWorks: Pennsylvania Water Supply and Wastewater Infrastructure Program
PIDA: Pennsylvania Industrial Development Authority
PITA: Pennsylvania Infrastructure Technology Alliance
SBDC: Small Business Development Center
SIDCO: Susquehanna Industrial Development Corporation
Single App: Single Application for Assistance needed to apply for Pennsylvania Grants and Loans
SNEED: Sunbury New Enterprises and Expansion Drive, Inc

Funding Sources: www.newpa.com

For more information on these terms and programs, please contact the Chamber at 570-743-4100 / 800-410-2880.