Pennsylvania DCED Regional Center > Overview
The Commonwealth of Pennsylvania Department of Community and Economic Development (DCED) and CanAm Enterprises, LLC prepared and submitted an application to have 43 counties in Pennsylvania designated as a Regional Center under the U.S. Immigrant Investor Program. On April 13, 2007, the Regional Center was formally designated by the U.S. Citizenship and Immigration Services (USCIS) to participate in the Immigrant Investor Pilot Program under Section 203(b)(5) of the Immigration and Nationality Act.
To view a complete list of Pennsylvania DCED Regional Center projects and track record, please click here.
The Commonwealth of Pennsylvania Department of Community and Economic Development (DCED) is the official economic development agency of Pennsylvania. The mission of DCED is to foster opportunities for businesses to grow and for communities to succeed and thrive in a global economy, in addition to improve the quality of life for Pennsylvania citizens while assuring transparency and accountability in the expenditure of public funds.
DCED offers more than 50 loan and grant programs for businesses, over 35 programs for community development and over 25 programs for site revitalization. Although specific terms and conditions vary, most loan programs offer subordinated financing and below-market interest rates, or tax incentives that are intended to encourage investment in Pennsylvania. Use of loan funds is determined by the circumstances and may include real estate acquisition, construction, or machinery/equipment purchase. DCED loan funds are usually leveraged with private debt and equity.
For more information about DCED, please visit: http://www.newpa.com.
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