Penn Industrial Development Authority

Meetings

Meetings are held as needed at:

Penn Township Municipal Office
97 N. Penryn Road
Manheim, PA 17545

Agendas & Minutes

Find agendas and meeting minutes in the Agenda Center

Members

Current members:

  • Thomas Kifolo, Chair
    Term Expires: December 31, 2022
  • Seth Obetz, Vice Chair
    Term Expires: December 31, 2018
  • Wayne Martenas, Secretary
    Term Expires: December 31, 2020
  • Richard Toews, Treasurer
    Term Expires: December 31, 2021
  • Sharyn Young, Assistant Secretary-Treasurer
    Term Expires: December 31, 2019

Additional Information

Related Documents

Related Financing Links

EDC Finance Corp: http://edcfinancecorp.com/
Tax Exempt Financing: http://edcfinancecorp.com/business-financing/pa-industrial-development-authority-pida/
Next Generation Farmer Loans: http://edcfinancecorp.com/agricultural-lending/next-generation-farmer-loan-ngflp/

About the Authority

The Penn Township Board of Supervisors created the Penn Industrial Development Authority (IDA) on December 9, 2013 pursuant to Ordinance No. 2013-06. The IDA was organized under the Economic Development Financing Law with the intent to promote economic development in and around Penn Township. Although not a lender, the IDA can act as a conduit for tax-exempt financing for qualified industrial projects or not-for-profit entities’ construction projects.

Another benefit that the IDA brings to the community is the ability to play a local role in the Next Generation Farmer Loan Program. The purpose of this program “is to provide an effective means for federal-state-industry linkages, whereby the public sector can assist beginning and first-time farmers to purchase land, farm equipment, farm buildings and breeding livestock.” For more information or to find out if the program may be right for you, visit the PA Department of Community & Economic Development’s page on this topic.

Staff

Solicitor – Sean B. Frederick, Esq., Barley Snyder
Township Manager – Mark Hiester