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    Good News About PIDA!

    Listed below are the updated interest rate options for the PIDA loan program. These rates are in effect for loan applications received through September 30, 2019.

    For Real estate loans financing eligible land and building costs, borrowers will have the following interest rate options:

    For term loans with a regular amortization;
    1.    Fixed interest rate for the full term of the loan (up to a 15-yr. period), set at the current 10-year treasury yield + 100 basis points. Based on the current 10-year treasury yield, the fixed rate option is 3.00% for the life of the loan.
    2.    Fixed interest rate for a seven (7) year period set at the 10-year treasury yield. After seven years, the rate will reset to the then-current 10-year treasury yield. Please note, the reset rate is limited to a 200 basis point increase/decrease. The reset rate is then fixed for the duration of the loan. Based on the current 10-year treasury yield, the rate for the initial (7) year period is 2.00%.

    For 10-year term loans with a 20-year amortization period;
    1.    Fixed interest rate for the full term of the loan (10-yr. period). This option is calculated using the 10-year treasury yield +100 basis points. Based on the current 10-year treasury yield, the fixed rate option is 3.00% for the life of the loan.
    2.    Fixed interest rate for a five (5) year period set at the 10-year treasury yield. After five years, the rate will reset to the then-current 10-year treasury yield. Please note, the reset rate is limited to a 200 basis point increase/decrease. The reset rate is then fixed for the duration of the loan. Based on the current 10-year treasury yield, the rate for the initial (5) year period is 2.00%.

    For Equipment loans – 3.00% fixed rate for the full term of the loan.

    For Working capital and accounts receivable lines of credit – 3.00% fixed rate for 12 month period.

    For Pollution prevention and energy efficiency loans – 2.00% fixed rate for the full term of the loan.

    For complete details, call Angela Campisano at 724-465-3873

  • Sun, 15 Sep 2019 01:59:00 -0400

    Indiana's Celebrate Recovery to mark 5th anniversary

    For the last five years, the Indiana chapter of Celebrate Recovery has been changing lives, from overcoming drug and alcohol addiction to a variety of other unhealthy habits as well as anxiety, depression and identity issues.
  • Sun, 15 Sep 2019 00:58:00 -0400

    Food Pantry and Help Center opens for students at IUP

    Changes have come to a former dining hall-turned-study hall at Indiana University of Pennsylvania, while elsewhere on campus a food pantry has found a permanent home.
  • Sun, 15 Sep 2019 00:54:00 -0400

    BPW inducts new members

    The Indiana Business and Professional Women organization last week inducted new members.
  • Sun, 15 Sep 2019 00:57:00 -0400

    Fire department seeks to bring back festival

    Members of the Coral-Graceton Volunteer Fire Department are spearheading an effort to revive a Fourth of July celebration for the community that ended two years ago due in part to a lack of funding.
  • Sun, 15 Sep 2019 00:54:00 -0400

    It's Happening Here

    This information is provided by the Indiana County Tourist Bureau. Times and dates are subject to change. All events are held in Indiana, unless otherwise noted.
  • Sun, 15 Sep 2019 00:49:00 -0400

    Chamber debuts new dues structure

    The Indiana County Chamber of Commerce held its monthly board of directors meeting Thursday at the Indiana Country Club in White Township.
  • Sun, 15 Sep 2019 00:52:00 -0400

    Ribbon-cutting held at JC's Gifts & Cards

    A ribbon-cutting was held Saturday for JC’s Gifts & Cards Hallmark at the Indiana Mall.
  • Sun, 15 Sep 2019 00:48:00 -0400

    Garden Club hosts meeting

    The Indiana Garden Club hosted the 65th anniversary of the Garden Club Federation of Pennsylvania’s District VI annual meeting and luncheon at the Indiana Country Club on Sept. 6.
  • Sun, 15 Sep 2019 00:49:00 -0400

    Girl Scouts can help her soar this school year

    As the academic year begins for students in Indiana County, so does the Girl Scout program year.
  • Sun, 15 Sep 2019 00:47:00 -0400

    Local boards to hold public meetings

    Meetings of municipal governments and school boards and county governmental bodies scheduled this week are at the following times and locations:
  • Fri, 30 Aug 2019 13:00:00 +0000

    The State of Financial Literacy in Central Pennsylvania

    “Joe” works as an engineer for a large firm in central Pennsylvania. He pulls in six figures a year and is not afraid to spend his money. One day he called his boss to tell him he wouldn’t be coming in the entire week because his car’s transmission was broken and he couldn’t afford to fix it. His boss suggested […]
  • Fri, 30 Aug 2019 13:00:00 +0000

    Jonestown Bank & Trust Co. goes it alone in working with marijuana companies

    With cannabis still illegal in the eyes of the federal government, banks are reluctant to serve this burgeoning in­dustry. But there is one bank, Jonestown Bank & Trust, that is going against the grain. It is the only chartered bank in the state to provide banking services to medical marijuana businesses. “We are a community bank. We want to help […]
  • Fri, 30 Aug 2019 13:00:00 +0000

    David vs. Goliath

    Cyber breach! screams the headlines. Hardly a day passes without news of an online breach in some large retailer or financial institution’s IT infrastruc­ture. In March, over 100 million cus­tomer accounts were compromised by a cyberattack on Capital One, the 10th largest bank in the U.S. The breach resulted in the theft of 140,000 So­cial Security numbers. Since so much […]
  • Fri, 30 Aug 2019 13:00:00 +0000

    Stock market swing? Here are 3 ways to deal with the stress

    Swings in the stock market can cause emotions to run high, particularly for in­vestors who are approaching retirement, and for good reason. Recent research from Ameriprise Financial uncovered that the biggest financial setbacks American investors experience in their 50s through their 70s are market losses. James Rex Naylor, Jr., financial advisor with Naylor & Associates, has several tips to help […]
  • Fri, 30 Aug 2019 13:00:00 +0000

    The Future of Retirement: Local financial experts weigh in

    The future of retirement can seem pretty bleak these days. From dire pre­dictions about Social Security to statis­tics about outliving our savings — or fail­ing to save at all — it can be difficult to find a silver lining. We sat down with three top financial advisors in the State College area, Judy Loy, president and CEO of Nestlerode & […]
  • Fri, 30 Aug 2019 13:00:00 +0000

    Increase your financial literacy for retirement success

    Quick quiz: What is the safest initial step that I can take to start building my credit? A) Get a credit card or student loan and pay the bill on time. B) Create a credit plan that includes a budget, money set aside for emergen­cies and the steps you’ll take to prove to the credit bureaus that you can re­pay […]
  • Fri, 30 Aug 2019 13:00:00 +0000

    As Baby Boomers retire, Pennsylvania looks at ways to help them fund retirement

    Pennsylvania has a problem: The state is home to around 2.1 million people who get nothing in terms of retirement benefits from their employer. It costs the state $700 million annually, and that cost is expected to surge to $1.1 billion a year by 2030. Pennsylvania isn’t alone. Close to one- third of Americans are nearing retirement with little in […]
  • Fri, 30 Aug 2019 13:00:00 +0000

    Real Talk to Entrepreneurs About Retiring

    Yesterday, two of my sons got haircuts. Their barber is a young hip guy with a high fade haircut and ESPN playing on the big screen TV in his shop. While we were there, a Charles Schwab ad came on TV asking viewers if they planned on ear­ly retirement. The barber laughed. “I’ll be standing here cutting hair until I’m […]
  • Fri, 30 Aug 2019 13:00:00 +0000

    Are We Headed Towards a Recession?

    (AP) Although the U.S. economy con­tinues to grow and add jobs, talk of a re­cession is increasingly in the air due to a number of worrying signs. Business investment and consumer confidence are taking a hit due to the growing economic jitters and uncer­tainty over the ongoing trade war with China. An important bond market reces­sion warning – known as […]
  • Fri, 30 Aug 2019 13:00:00 +0000

    Solar power gains momentum in Pennsylvania’s rural communities

    One by one, solar installations are be­ing developed in central Pennsylvania, feeding clean, renewable power into the rural Pennsylvania energy markets. Henry McKay, Solar United Neighbor’s Pennsylvania program director, sees Pennsylvanians encountering renewable energy in their daily lives and becoming more and more comfortable with it as a result. McKay notes that, today, every county across Pennsylvania has at least […]
  • Sat, 14 Sep 2019 16:36:45 +0000

    Giant Eagle changes its open carry policy

    Giant Eagle Inc. is asking its customers not to openly carry a gun at all Giant Eagle, Market District and GetGo locations. The company posted the following statement online, noting the change in its policy: "We respect the rights of each individual who chooses to shop with us, and also recognize the heightened concern customers may feel when they encounter anyone other than law enforcement personnel visibly carrying a weapon. Giant Eagle has a longstanding policy that guides our Team Members on…
  • Fri, 13 Sep 2019 18:38:27 +0000

    Police: Crime has mostly dropped in downtown

    Four stabbings, one of them fatal, occurred in downtown Pittsburgh last month. The stabbings have led to calls for action in the city's Central Business District, including by organizations like the Cultural Trust. In response to the outcry, Pittsburgh Mayor Bill Peduto pushed for more police downtown, and on Friday the Pittsburgh Bureau of Police's Crime Analysis Unit released a comprehensive study of crime in the neighborhood. In the release, the Crime Analysis Unit said they put together the…
  • Fri, 13 Sep 2019 18:27:55 +0000

    Stag makes Big Beaver buy as part of ongoing additions to its Pittsburgh portfolio

    Boston REIT continues to demonstrate an investment appetite for Pittsburgh's big, new industrial properties.
  • Fri, 13 Sep 2019 18:12:30 +0000

    Pittsburgh organizations strategize for city's presence at World AI Week

    A delegation of Pittsburgh companies, organizations and individuals will travel to Amsterdam in October to attend World AI Week.
  • Fri, 13 Sep 2019 17:49:54 +0000

    University of Pittsburgh seeking to add hotel to historic Oakland property

    University indicates a new 300,000-square-foot hotel could be built on lot next to University Club in RFQ documents.
  • Fri, 13 Sep 2019 16:34:00 +0000

    Why a joint venture is building a next-generation battery in Turtle Creek

    What made Pittsburgh the ideal choice for a clean-energy battery manufacturer to set up shop to build its next-generation product?
  • Fri, 13 Sep 2019 12:18:57 +0000

    Dick's Sporting Goods' Ed Stack joins 146 other CEOs in supporting gun safety laws

    Dick's Sporting Goods Inc. CEO Ed Stack was among the 147 CEOs who signed a letter to Congress calling for action on several gun safety bills. The letter was addressed to the Republican-controlled Senate, requesting that they institute expanded background checks and allow federal courts to issue temporary orders keeping guns out of the hands of people considered at risk of violence. "As leaders of some of America's most respected companies and those with significant business interests in the United…
  • Fri, 13 Sep 2019 12:09:35 +0000

    Magee-Womens Research Institute receives $5.1 million grant

    Magee-Womens Research Institute received a $5.1 million grant from the Richard King Mellon Foundation to fund a project studying pregnancy health and infant mortality, according to a news release.  The funding will go toward a second phase of the $13 million project, which aims to increase patient participation and create clear communication between physicians, patients and current research.  According to the release, Allegheny County saw the deaths of 77 infants in 2017, translating to an infant…
  • Fri, 13 Sep 2019 12:04:07 +0000

    Penn State trustees request $22.6M funding increase from the state for 2020-21

    The Penn State Board of Trustees Committee on Finance, Business and Capital Planning said Thursday that it recommended the state appropriate $359.8 million for the 2020-21 school year, a $22.6 million increase over the year before, according to Penn State News. In addition to covering some of the tuition for in-state students at its main campus in State College and 19 Commonwealth campuses around the state, Penn State requested the increase to fund economic development initiatives. Among these…
  • Fri, 13 Sep 2019 12:02:15 +0000

    U.S. Steel to "indefinitely idle" Chicago facility as layoffs approach

    After an announcement about layoffs late last month, U.S. Steel recently issued a WARN notice explaining more details.
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