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M&T Bank in Stroudsburg Celebrates Grand Re-Opening

Stroudsburg – On Thursday, April 4, 2024 members of the Pocono community gathered to celebrate the Grand Re-Opening of the M&T Bank branch located at 900 North Ninth Street. “We are so excited to share this exciting time with so many members of the …Read More »

SBDC Announces Small Business Consulting Services Schedule For April, May and June 2024

Sign up today for a FREE Small Business Consulting session with a Small Business Development Center Consultant! See links below for registration: April – May – …Read More »

Northeastern PA Ranks in the Top 10 Metros in the United States for Economic Development

Penn’s Northeast proudly acknowledges role in contributing to this significant achievement.   Pittston, PA – For the first time, Northeastern Pennsylvania was recognized as one of the best locations across the entire United States for economic developm …Read More »

Governor Josh Shapiro Opens Application for Historically Disadvantaged Businesses to Access $10.5 Million in Eligible Funding

Eligible small diverse businesses can apply for funding grants to assist with working capital, inventory, equipment, marketing, and costs to support ongoing operations.

Governor Shapiro Announces 10-Year Economic Development Strategy

Over the past year, DCED has been working hard on developing a comprehensive, 10-year economic development strategy – the first of its kind in nearly two decades. The goals are clear – to make Pennsylvania a premier state to do business, outcompete oth …Read More »

SBA Disaster Loans & Disaster Declaration

A Disaster Declaration that was just made for an area of Northeast PA including Monroe County covering flooding that occurred on September 9 2023. The document below provides information on assistance for businesses and/or homeowners that may have been …Read More »

SBDC Announces Small Business Consulting Services Schedule For January, February and March 2024

See links below for registration: January – February – March –

Shapiro Administration Invests $42.5 Million in Rail Freight Infrastructure, Announces 25 New Rail Projects Will Sustain Over 300 Jobs Statewide

Investments will spur business and economic development in 23 counties and support nearly 300 jobs statewide

The Return of Passenger Rail: Congressman Cartwright Announces the PA Northeast Project to be included in the Federal Corridor ID Program

Returning passenger rail services to Northeastern Pennsylvania has been a priority of Congressman Cartwright since first joining Congress, and on Friday, December 8 he announced that our rail project has qualified for federal funds.   This week, U …Read More »

PIDA Loan Approved for new Monroe County company, FABPAC Corporation

Monroe County approval: • The FABPAC Corporation, through Pocono Mountains Industries, Inc., was approved for a 15-year $554,935 loan at a 4.50-percent reset interest rate to help renovate its newly acquired 288,000-square-foot commercial packing manufacturing facility at 1941 Paradise Trail in Stroud Township. The renovations include new offices, a conference room, a cafeteria, restrooms, entrances, a reception and waiting room, executive suites, a sample room, and locker rooms. The company, also through Pocono Mountains Industries, Inc., was approved for a three-year, $100,000 SBF-Working Capital loan at a 5.00-percent fixed interest rate, which will be used for administrative, payroll and inventory expenses. The total project cost is $1,309,870. Fifty-seven new jobs will be created as a result of the project within the next three years.

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