Mid Mon Valley Regional Enterprise Zone

Report Number 7: November, 2010

Enterprise Zone Business loan funds still available

Low interest loan funds are still available for qualifying businesses located in enterprise zones target areas of communities included in the Mid Mon Valley Regional Enterprise Zone. Eligible firms, including manufacturers, technology firms and business main offices, can apply for competitive low-interest loans of up to $350,000 (loans are limited to 30% of a project and require one new job for every $35,000 of an EZ loan). Interest rates are based on the lowest statewide prevailing interest rates on other DCED business development loan programs.

Cluster analysis project points to benefits of local supply chains

The final report of Progress Council consultant GSP Consulting Inc. on the cluster analysis project recommends working directly with area firms to develop new products and seeking to replace out-of-region supply chains with local suppliers. A map and details of local manufacturers will be placed on the Progress Council website to support the initiative. The Progress Council is also pursuing funding to create an interactive map of local firms.

Workforce readiness course still seeking partnerships with local firms

A joint project of the Mon Valley Progress Council and Mon Valley Career and Technology Center is still seeking partnership with area firms to deliver a six-week, thirty-six hour program focusing on three core areas of workforce readiness: technical math and measurements, technical reading, and work ethic. Registration is $100 per student. Please call the Mon Valley Progress Council at 724-694-3381 to learn more about workforce readiness training.

The Mon Valley Progress Council
435 Donner Avenue | Suite 410 | Monessen, PA 15062 | 724-684-3381 | Fax: 724-684-5113