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Bucks County Industrial Development Authority

The Bucks County Industrial Development Authority (BCIDA) is a government-chartered economic development agency based in Doylestown, Pennsylvania, focused on providing below-market-rate financing and support to local businesses and entrepreneurs.

Founded
1967
Recorded stages
Friends Family, Seed, Seed Plus, Series A, Series B, Series C, Growth Equity
Focus sectors
Biotech, Healthcare, Energy
Recorded regions
North America, United States

Online destinations

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Overview

The Bucks County Industrial Development Authority (BCIDA) was established in 1967 and serves as the lead economic development agency in Bucks County, Pennsylvania. Directed by the Bucks County Board of Commissioners, BCIDA facilitates business growth and job creation by providing tax-free financing and managing various loan programs. With nearly $10 million in federal and local loan funds, BCIDA supports local businesses through below-market-rate financing for land acquisition, site preparation, and working capital loans. The agency also assists in the redevelopment of Brownfield sites and coordinates with local lenders to provide gap financing and technical resources. BCIDA's mission emphasizes economic inclusion and aims to create and retain family-sustaining jobs in the region.

Focus

BCIDA focuses on supporting local businesses through below-market rate financing for land acquisition, site preparation, machinery purchases, and working capital loans. The agency coordinates with local lenders and economic development agencies to provide gap financing and technical resources, assisting in the redevelopment of Brownfield sites and designation of redevelopment areas.

Support

BCIDA adds value by providing access to below-market-rate financing, facilitating connections with local lenders, and offering technical resources to support business growth. The agency's focus on job creation and economic inclusion ensures that funded projects contribute positively to the community.

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