RBI
  • Home
    • GETTING STARTED
    • Board Members
    • Sponsors
  • Services
    • Clients
    • LEAP
    • Incubators
    • Other Programs
  • News & Events
    • News
    • Training Workshops
    • Community Events
  • Contact
    • Employment

Press Releases.

Industrial Development Authority Boosts Small Businesses

9/6/2016

0 Comments

 
Picture
Photographer: Justin Strawser
By: Justin Strawser
The Daily Item

SUNBURY - The Northumberland County Industrial Development Authority is funding a small business development loan program operated by the Rural Business Innovation Corporation that will provide financial assistance for start-up and small businesses in Northumberland County.

The county on Tuesday presented a $25,000 check to RBI, a Bloomsburg based 50l(c)3 nonprofit organization that serves Northumberland, Snyder, Union, Montour, Columbia, Luzerne, Lycoming, Schuylkill and Sullivan counties. The organization has incubators in Sunbury, Selinsgrove and Bloomsburg with plans to expand.

The new program will “focus on low to moderate families to help become self employed through company creation and job creation, and provide education and technical assistance for entrepreneurs,” said RBI executive director Kelly O’Brien Gavin. “We work with clients who are deemed not bankable. We help them build credit and establish themselves.” The program will operate as a restricted loan fund that will only be available for those looking to start or grow their business in Northumberland County, she said.
​
Each recipient must agree to work with RBI, take two workshops for education and finances and attend one networking event, Gavin said.
Larry Seibert, chairman of the RBI board, said he is “extremely excited” about the inaugural program and hopes it spreads to other counties.

​Northumberland County Commissioner Chairman Rick Shoch said the program is part of a “multi-faceted approach” to making the county more attractive to businesses.

It is a “great resource” for those looking to expand, said Donald Alexander, Director of Planning and Economic Development for Northumberland County as well as the Director for the Northumberland Industrial Development Authority (NCIDA).
The small business development loan program is the second loan program available through the RBI. The organization also offers funding through a $100,000 USDA grant, Gavin said.

“Since 1996, we’ve had an 83 percent success rate for loans paid off and businesses still functioning,” she said.
​
RBI’s partners are Bloomsburg University, Bucknell University, Susquehanna University, The Ben Franklin Technology Partners in Bloomsburg, Northumberland County Industrial Development Authority, First Columbia Bank, First Keystone Bank, MNT Bank, Midd Penn Bank, state Rep. Lynda Schlegel Culver and state Rep. Dave Millard.
0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Archives

    June 2020
    April 2020
    November 2019
    September 2019
    June 2019
    January 2019
    January 2018
    October 2017
    September 2017
    July 2017
    June 2017
    January 2017
    October 2016
    September 2016
    August 2016
    July 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    November 2015
    September 2015
    June 2015

    Categories

    All
    1Million Cups
    Berwick
    BIDA
    Columbia County
    Danville
    Entrepreneur
    HUB Zone
    KIZ
    Lewisburg
    Montour County
    Northumberland County
    Outside Source Article
    Partners
    Regional
    Snyder County
    Susquehanna Valley
    Union County

    RSS Feed

info@ruralbusinessinnovation.org | 570-245-0096
Bloomsburg Regional Technology Center, 240 Market St., Bloomsburg, PA 17815

RBI IS AN EQUAL OPPORTUNITY LENDER AND EMPLOYER

​RBI is proud to manage the Local Enterprise Assistance Program.

  • Home
    • GETTING STARTED
    • Board Members
    • Sponsors
  • Services
    • Clients
    • LEAP
    • Incubators
    • Other Programs
  • News & Events
    • News
    • Training Workshops
    • Community Events
  • Contact
    • Employment