Local Development Corporation

The Delaware County Local Development Corporation is closely affiliated with both the IDA and the Delaware County Department of Economic Development.  The LDC was founded in August of 1998 as a private, not-for-profit corporation for the purpose of aiding the County’s efforts to attract new businesses and private investment resulting in the creation of new job opportunities for residents of the County.  The LDC is an integral component of the County’s economic development initiatives and currently offers the following low-interest loan programs:

RBEG Loan Fund
The RBEG Loan Funds are available to new or existing Delaware County businesses with fifty (50) or fewer employees.  This program is designed to encourage and facilitate the continued development of local small businesses, thereby providing new job opportunities for the residents of Delaware County.  Loans of up to $100,000 are available through this program.

IRP Loan Fund
The IRP program is targeted to new and existing businesses located in Delaware County that are making a major investment in their business and creating a significant number of new, full-time jobs.  This program does not have any restrictions regarding the size of the business and seeks to provide loans of a minimum of $100,000.  Applications for lesser amounts will be considered where merited.  This program places an increased emphasis on the credit worthiness of businesses participating in this program, as well as the sufficiency of the collateral securing the loan.

For additional information regarding the financial assistance that may be available for your business contact the Department of Economic Development today.

This institution is an equal opportunity provider, and employer.  To file a complaint of discrimination, write: USDA, Director, Office of Civil Rights, 1400 Independence Avenue S.W., Washington, D.C. 20250-9410, or call (800) 795-3272 (voice) or (202) 720-6382 (TDD).