EDC Services

Let us help you rise

The St. Marys Economic Development Corporation exists to help businesses & organizations scale their operations and thrive in Elk and Cameron Counties located in Northwestern Pennsylvania.

Business Support

The EDC can assist new and existing businesses develop and thrive. From business start up to expansion to the next level, the EDC can help.

Find Business Support Here

Financial Assistance

From creating a businesses plan to connecting entreprenurs to the right services, the EDC is your one stop shop for everything your business needs.

Learn about our Financial Assistance Here

Partner With Us

The EDC has low interest loans, starting at 4%, to help your business scale to the next stage. Reach out to see if your business or organization qualifies!

Contact Us and become a partner today!

Conference & Entrepreneurial Rooms

The EDC building offers a conference room, an office, and an Entrepreneurial Office to rent. Get a professional space to conduct your business for an hour or longer!

See Available Rooms

Want to know more about our Low-Interest Loans?

Our FAQ below gives more information on our low-interest loans that we offer to businesses in Elk and Cameron Counties in Pennsylvania

The EDC’s low-interest loans can be used for any improvement project for for-profit businesses headquartered in Elk and Cameron Counties in Pennsylvania. This can include, but isn’t limited to, real-estate acquisition, machine upgrades or expansion, and more.

The following information will need to be submitted in order to start the Loan Application Process:

  • Type of Business (i.e. C Corp., S Corp., LLC, etc.)
  • Business History and Background
  • Copy of Corporation Bylaws
  • Current Company Prepared Balance Sheet, Income Statement and Balance Sheet Y-T-D.
  • Last 3 Years of Federal Tax Returns with all attachments, schedules, and K1’s
  • Source and Uses of how funds will be spent
  • Copies of Bids/quotes, sales agreements etc. to support the project
  • Type of Collateral (i.e. Equipment, Real Estate, etc.)
  • Matching funds source including confirmation Letter/Approval/Commitment
  • Current Debt Schedule

If you have any questions or concerns about any of the above documentation, don’t hesitate to reach out to us on our Contact Us page.

For new businesses & start-ups the following will be required:

  • A business plan*
  • A 3-year pro forma balance sheet and income statement
  • Cash flow statements with supporting information.

*A business plan can be obtained for free through the Small Business Development Center (SBDC). The plan should be based on market conditions where the business will be located. Contact the SBDC for our area here.

  • Loan amounts are up to $150,000.
  • Loans are usually for manufacturing, but any business venture should inquire.
  • Funds can be used for business start-up, buildings, additions, new and used equipment including upgrades as well as real estate purchases.
  • Commercial and retail related ventures can acquire
  • Rates are below market, call for our current rates!
  • Loan Terms
  • 1% origination fee and $100 application fee
  • For Equipment: 5 to 10 years depending on loan amount
  • For Real Estate: Up to 10 years depending on the loan amount

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