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In brief: CREDC loans, grants leverage $20.8M in private investment

- Last modified: January 25, 2013 at 11:37 AM

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.

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