Pittston, PA – In order to help businesses retain or expand employment, meet market opportunities, and attract additional investment, the Northeastern Pennsylvania Alliance (NEPA) has announced a reduction in the rate of interest charged for the US Department of Agriculture- Rural Development (IRP) Loan Program. The rate will go from 4% to 2%.
“The low interest rate provides a unique opportunity for businesses to expand in this challenging economic environment,” said Paul Macknosky, Business Finance Specialist with NEPA.
The NEPA Alliance, a regional community and economic development agency, serves the seven counties of Northeastern Pennsylvania including Carbon, Lackawanna, Luzerne, Monroe, Pike, Schuylkill and Wayne. NEPA Alliance services include Business Financing, Government Contracting Assistance, Non Profit Assistance, Transportation Planning, Research and Information, and Local Government Services. For more information about NEPA Alliance visit www.nepa-alliance.org or call 866-758-1929.