Economic Development

The City's Economic Development Bureau strives to maximize opportunities for business of all sizes and natures and the City's tax base by diversifying the local economy, stimulating private investment, and generating employment opportunities.  The bureau staff offers technical assistance to businesses looking to relocate or expand within City limits by assisting in site selection, financing, and business development.

Businesses located in or relocating to the City are eligible for an array of incentive programs administered by the Economic Development Bureau.  The following details each program and its eligibility and regulations.

Loan Programs

The City offers four low interest loan programs at 3% interest for new and expanding businesses throughout the City.

Program

Loan Amounts

Loan Requirements

Eligible Uses

JDL

33% of TPC, up to $50,000

Create 1 full-time job for every $15,000 borrowed or retain 1 full-time job for every $7,500

Land Acquisition
Building Acquisition
Building Construction
Building Renovation
Leasehold Improvements
Machinery/Equipment
Inventory
Working Capital

Micro JDL

50% of TPC, up to $10,000

Create one full-time job, which may be the business owner

 

 

 

EZL

25% of TPC, up to $300,000

Create 1 full-time job for every $15,000 borrowed or retain1 full-time job for every $7,500

Façade Improvement Program

The Façade Improvement Program is open to all commercial properties within city limits.  Businesses and property owners are offered architectural assistance along with a fifty-fifty match up to $5,000 for improvements to a building's exterior including signage, surface treatment, windows, and landscaping.

Facade Grant Guidelines

Facade Grant Applications


Enterprise Zone

A majority of the City's neighborhoods including the Central Business District are located in the City's state designated Enterprise Zone.  Businesses located in the Enterprise Zone can receive special consideration for state contracting opportunities.

Hubzone

Sections of the City are designated by the U.S. Small Business Administration (SBA) as Historically Underutilized Business Zones (HUB Zones). Businesses in these locations receive special consideration for contracting with all federal agencies, including set asides.

Keystone Innovation Zone (KIZ)

A portion of the City is included in the Greater Johnstown Keystone Innovation Zone, a state delineated area where partnerships between higher education institutions and technology based businesses are encouraged.  Businesses who locate in the KIZ can qualify for tax credits.  Those businesses without a tax liability will have the ability to sell their tax credits.

For more information, visit the Community and Economic Development website at www.icityjohnstown.com.

Business Development Checklist

The department of Community and Economic Development has create a checklist that is used at the beginning of a project in order to ensure that all parties (City Staff, developer, project manager, property owner, etc.) understand the scope of the project and the necessary requirements needed to have a successful process and project.  

Click here to view the Business Development Checklist.