|
Infrastructure Development Program (IDP)
BACKGROUND
IDP is a grant program offered by the Commonwealth
of Pennsylvania to fund publicly-owned infrastructure projects.
USES
Infrastructure must be publicly owned and can include:
- Energy and utility infrastructure.
- Transportation infrastructure.
- Telecommunications infrastructure.
FINANCING
Grant funding is available to qualifying projects in amounts
up to $1.25 million
PROCESS AND TIMING
PIDC will assist in preparing applications and Commonwealth
authorization will take 90 – 120 days.
FEES
PIDC charges an administrative fee equal to 1 percent
of the grant amount. The first 25 percent of the fee is due upon executing
the Sub-Grant Agreement between PAID and the Sub-Grantee. The remaining
portion is paid in installments as the Sub-Grantee draws the funds
over the life of the project.
For more information, contact Susan Lowry, 215-496-8161,
slowry@pidc-pa.org .
|