PA First Industries Program passes

State Senator Elder Vogel, Jr. announced today that Senate Bill 1007, legislation he authored to extend the First Industries Program, passed the House of Representatives today by a vote of 198-0. This legislation had previously passed the Senate 50-0 on June 23, 2011.

The First Industries Program backs low cost loans assisting with the financing of an economic development project primarily related to agriculture and tourism. This legislation will continue to allow a farm credit institution, a commercial lending institution, or a community development financial institution to participate in the First Industries Program, and enable the Commonwealth Financing Authority to continue providing loan guarantees of 51% to 90% of the loan principal to finance an agricultural project. SB 1007 keeps the minimum amount of private investment at the $500,000 threshold, and extends the sunset provisions of the Commonwealth's First Industries Program from June 30, 2011 until July 15, 2015. The governor is expected to sign the bill quickly to avoid any disruption in the program.

"The First Industries Program helps agriculture grow and compete in a difficult economic environment. I'm glad the Legislature recognized the importance of this program and acted swiftly before the deadline," Vogel said.

Value-Added Producer grant

The synopsis for this grant opportunity is detailed below, following this paragraph. This synopsis contains all of the updates to this document that have been posted as of 08/12/2011 . If updates have been made to the opportunity synopsis, update information is provided below the synopsis.

If you would like to receive notifications of changes to the grant opportunity click send me change notification emails . The only thing you need to provide for this service is your email address. No other information is requested.

Any inconsistency between the original printed document and the disk or electronic document shall be resolved by giving precedence to the printed document.

Document Type:	Grants Notice
Funding Opportunity Number:	RDBCP-11-02-VAPG
Opportunity Category:	Discretionary
Posted Date:	Aug 12, 2011
Creation Date:	Aug 12, 2011
Original Closing Date for Applications:	Aug 29, 2011 Applications may be submitted either on paper or electronically by August 29, 2011. Late applications are not eligible for FY 2011 grant funding.
Current Closing Date for Applications:	Aug 29, 2011 Applications may be submitted either on paper or electronically by August 29, 2011. Late applications are not eligible for FY 2011 grant funding.
Archive Date:	Sep 28, 2011
Funding Instrument Type:	Grant
Category of Funding Activity:	Agriculture Business and Commerce
Category Explanation:
Expected Number of Awards:	250
Estimated Total Program Funding:	$37,000,000
Award Ceiling:	$300,000
Award Floor:
CFDA Number(s):	10.352 -- Value-Added Producer Grants
Cost Sharing or Matching Requirement:	Yes

Eligible Applicants

Individuals
Small businesses

Additional Information on Eligibility:

Eligible applicants are:Independent Producers; Farmer or Rancher Cooperatives; Agricultural Producer Group; and Majority-Controlled Producer-Based Business Ventures

Agency Name

Business and Cooperative Programs

Description

The primary objective of this grant program is to help Independent Producers of Agricultural Commodities, Agriculture Producer Groups, Farmer and Rancher Cooperatives, and Majority-Controlled Producer-Based Business Ventures develop strategies to create marketing opportunities and to help develop Business Plans for viable marketing opportunities regarding production of bio-based products from agricultural commodities.

Link to Full Announcement

Program Information