How We Help Companies Succeed and Monroe County Thrive
We can help find an existing site to suit your needs: Sites are literally foundational for business expansion and attraction. Search our property database and contact our office for assistance with your site selection needs!
We’re working on creating site opportunities: Pocono Mountains Industries and its sister company Pocono Mountains Industrial Park Authority have been developers of industrial and business parks for decades! We continue to develop site opportunities and work both directly with businesses who want to occupy sites and developers looking to create value added building opportunities. Check out information on Monroe County industrial parks.
We market Monroe County Sites: PMEDC also collects and markets information on available commercial and industrial sites all over Monroe County and works to create development that meets market demands. Real estate agents can get their property listing on our website at no cost and we can provide access to other sites for Monroe County property marketing as well.
We offer support in the permitting process: PMEDC also works with site selectors and business owners throughout the permitting process.
We support infrastructure expansion: Infrastructure is one of the main ingredients for retention, expansion and attraction success. PMIPA facilitates infrastructure projects, primarily through access to capital sources, to assist with site development and business expansion infrastructure projects. PMIPA has created and owned sewer systems, extended sewer, water and gas service lines, extended adequate power line capacity, and worked to aggregate demand and improve telecommunications and high speed internet service lines to keep Monroe County sites competitive and viable.
We assist with access to capital: No matter the project, access to affordable capital is necessary to make it happen. PMEDC works to connect businesses and projects with affordable and accessible capital resources from a wide variety of sources. There are primarily two types:
Grants – dollars that are invested without the need for repayment
or
Loans – dollars that require repayment
Grant Programs include:
Local Share Account - Monroe County
The Monroe County Industrial Development Authority (MCIDA) is an eligible applicant for the Local Share Account (LSA)-Monroe County funds made available by the PA Race Horse Development and Gaming Act for the purpose of distributing the 2% of gross terminal revenues from Mount Airy Casino Resort. The Monroe County Commissioners have designated the MCIDA to be the point of contact for this program on their behalf. MCIDA has established guidelines to provide information and guidance to project managers interested in applying for funding.
Please read and play close attention to the MCIDA Policy:
MCIDA Policy for Submitting LSA Applications-2025
The LSA Program Guidelines can be viewed by clicking here: Program Guidelines – LSA Monroe County – 2025
NOTE: *New for 2025* – MCIDA’s Application Fee increased to $700. If a COMPLETE application is received by August 31, 2025, the Application Fee will be $600.
Applications will be evaluated by the Commonwealth Financing Authority based on: economic impact, economic conditions of the area, level of private sector investment being leveraged, project’s focus on the reuse of brownfields or underutilized sites, other local financial support, project readiness, strategic importance and financial need. The more your project meets the above criteria, the more competitive the application.
The application period for 2025 will be July 1 to September 30, 2025. If you wish to apply for funding for a project through MCIDA, the deadline will be Tuesday, September 23, 2025. No exceptions.
Email Michelle Bisbing at PMEDC with any questions or call our office at (570) 839-1992 Ext. 4.
Multimodal Transportation Fund
The Multimodal Transportation Fund programs – both offered by the Commonwealth, one through the Pennsylvania Dept. of Transportation and the other through the PA Dept. of Community & Economic Development & the Commonwealth Financing Authority. This program targets transportation oriented projects.
PMEDC is currently facilitating MTF grants for:
- The Smithfield Gateway project in Smithfield Township
- Long Pond Road improvements in Tobyhanna Township
- The Exits 298-299 Area Improvement Plan in Pocono Township
- The Ridge at Swiftwater in Pocono Township
- Improvement of Intersection at SR611 and Bartonsville Avenue in Pocono Township
Redevelopment Capital Assistance Program
The Redevelopment Capital Assistance Program which is administered by Pennsylvania’s Office of the Budget. This program is accessible via a window of application period set at the discretion of the Governor and with selected projects awarded by the Governor. This program targets construction-oriented projects that do not fit with other programs.
PMEDC is currently facilitating RACP grants for:
- ESU Foundation
- The Smithfield Gateway project in Smithfield Township
- The Lackawanna Cut-Off Passenger Rail Restoration project
- Pocono Family YMCA
- St. Luke’s Monroe
- Lehigh Valley Health Network
- Monroe County Historical Association
- Sanofi
- Great Wolf Lodge
- Pocono Mountains Corporate Center South
- Downtown Stroudsburg Parking Facility
- Pocono International Raceway
- Monroe Career & Technical Institute
- Redevelopment of the former International Boiler Works property
These are just the most frequently used programs we help Monroe County projects access; there are many more! Attracting these dollars to projects in Monroe County is good for the local economy and generates additional benefits to the community. For assistance with identifying and accessing capital for your business or project, contact our office.
PMEDC staff can assist directly through several loan programs but can also offer connections to programs we do not directly facilitate, through the NEPA Alliance, the Small Business Administration, and the Commonwealth of PA.
MO.B.I.L
MOBIL Low Interest Revolving Loan Program
Monroe County small businesses can borrow up to $100,000
The funds can be used for:
- Acquisition
- Construction
- Infrastructure/site preparation
- Machinery/equipment
- Working capital
- Professional services
- Engineering, inspections
- Fees
- Environmental assessment
- Legal costs and closing costs
Program Documents can be downloaded here:
Click here for the MOBIL Program Guidelines
Click here for the MOBIL Program Application
Monroe County Revolving Loan Fund
Monroe County has created an industrial/business revolving loan fund administered through PMEDC and the Redevelopment Authority of the County of Monroe to provide low-interest, partial financing for eligible businesses and industries in designated portions of the county. The program can fund machinery or equipment, working capital, product development and pollution control equipment. Other uses can be considered on a case by case basis. The maximum loan amount is $100,000. Contact PMEDC directly for details on this program.
Click here for the MCRLF Program Guidelines
For a complete listing of Pennsylvania’s business financing programs or to access the Single Application for Assistance, please visit the Department of Community and Economic Development website at www.newPA.com, or call 1-866-GO-NEWPA (1-866-466-3972).
PA Industrial Development Authority
The PIDA Program provides low-interest loans and lines of credit for eligible businesses that commit to creating and retaining full-time jobs and for the development of industrial parks and multi-tenant facilities. Loan applications are packaged and underwritten by a network of certified economic development organizations (CEDOs) that partner with PIDA to administer the program. PMEDC is the CEDO in Monroe County and interested applicants should contact us directly at (570) 839-1992.
With all loan programs, terms and conditions apply; availability is limited to qualified borrowers with credit and collateral.
There are other programs and resource providers available to Monroe County businesses and projects as well. For help identifying the best programs or resources for your business needs contact our office today.
Pocono Mountains Economic Development Corporation’s staff are here to help!
We connect Monroe County businesses with resources to help them succeed, thrive and accelerate growth: If your Monroe County business is looking for assistance building your business plan, financial projections, marketing plan, or e-commerce plan, the University of Scranton’s Small Business Development Center sends staff to our office every month to serve Monroe County entrepreneurs. We can get you connected with them, whether to meet here, online or at the University, and you can’t beat the price (mostly paid for with your tax dollars).
Looking for assistance with government contracting opportunities? International market development? Employee skills upgrades? Manufacturing efficiency? Our staff can help you connect with all the resource providers you need, so give us a call today!
We don’t wait for local companies to call us, we also proactively visit with Monroe County businesses through Pennsylvania’s Engage program, to listen, gather information and make sure resource connections are delivered directly to your door!