In brief: CREDC loans, grants leverage $20.8M in private investment
The Capital Region Economic Development Corp. originated more than $9.8 million in loans and grants in 2012, which leveraged more than $20.8 million in private investment.
The total economic impact of the CREDC financing was about $30.7 million.
Lending activity increased 72 percent from 2011, according to CREDC. The organization, an arm of the Harrisburg Regional Chamber, provided $7.8 million in financing to nine companies in 2012 that created or retained 129 jobs for the region.
Since 2001, CREDC has originated $117.2 million in loans and grants, which has leveraged $243.6 million in private investment for a total economic impact in the region of $360.8 million. As a result, 11,705 jobs were created or retained, according to CREDC.