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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 – https://pasbdc.neoserra.com/conferences/31081 February – https://pasbdc.neoserra.com/conferences/31082 March – https://pasbdc.neoserra.com/conferences/31083

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.

PMEDC Holds Annual Meeting & Releases Annual Report

A breakfast meeting was held November 16, 2023 at Terraview at The Stroudsmoor Country Inn to celebrate the Annual Meeting of Pocono Mountains Economic Development Corporation.  Board Members, Business Members, local elected officials, and community re …Read More »

SBDC Free Small Business Consulting Hours Announced

In-person business assistance with SBDC consultants available to all Monroe County small businesses.  Sign up today and schedule one-on-one FREE business consulting to get advice on starting or growing your small business. All meetings will take place …Read More »

Middle Smithfield Township Announces Revitalize 209 Grant

At the June 8th Board of Supervisors Meeting, the Revitalize 209 Committee was announced and the Township is now accepting letters of interest/application for projects. As the Township offers great incentives for businesses and developers with programs …Read More »

St. Luke’s Smithfield Gateway Health Center Officially Opens

St. Luke’s Smithfield Gateway Health Center hosted a packed house for a ribbon-cutting ceremony and tour of the new facility in Monroe County on March 28, 2023.  The facility is located at 125 Smithfield Lane in East Stroudsburg and is set to open Apri …Read More »

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