Pollution Prevention Assistance Account
Low interest loans for pollution mitigation and prevention
Date: 9/11/12
The Pollution Prevention Assistance Account (PPAA) is designed to reduce the financial burden for small businesses to purchase, adopt, and install pollution prevention or energy efficient equipment by providing low interest loans.

The PPAA is funded through Pennsylvanias Department of Economic Development (DCED) and administered through the Philadelphia Industrial Development Corporation (PIDC).

The PPAA provides funding for up to 75% of total project cost to a maximum of $100,000. Terms of the loan are a 2% interest rate up to a 10 year term.

Eligible small businesses are for-profit corporations, limited liability companies, partnership proprietorship or other legal business entity located in the Commonwealth of Pennsylvania. Small business must have 100 or fewer employees worldwide at the time the application is submitted. Furthermore, qualifying small business must not be delinquent for any existing private or public loans and must be current on all state and local taxes to qualify for the PPAA.

Qualified projects must reduce or reuse raw material on-site, reduce the production of waste, significantly reduce energy consumption, and must be directly related to the business activity of the applicant. Project examples include but are not limited to; projects undertaken as part of the ENERGY STAR Small Business Program, lighting or electric motor upgrades, more efficient drying/curing ovens, installation of new HVAC systems, and equipment that reduces chemical use in industrial and treatment processes.

For more information see the following link
http://www.newpa.com/find-and-apply-for-funding/funding-and-program-finder/pollution-prevention-assistance-account-program-ppaa

Aaron Colsher - 215.948.9285 x105
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