Industrial Development Authority

The Industrial Development Authority (IDA) has assisted manufacturing firms, nonprofit (501(c)(3)) organizations, educational institutions and health care organizations, as well as water treatment plants and pollution control facilities. The IDA aims to maintain a high level of employment and create and maintain business opportunities.

How the IDA Works

1. Borrowing money from private sector financing institutions
2. Loaning this money to Montgomery County companies to finance projects
3. Securing below-market interest rates on loans that are tax-exempt to the lender

Public Notice

TEFRA Hearing Notice

Notice is hereby given that a public hearing will be held by the Philadelphia Authority for Industrial Development (the “Authority”) at 10:00 a.m. on September 22, 2020 via conference call by dialing the toll-free number +1 (855) 633-2040 and then when prompted, passcode 2805224#.  Due to the COVID-19 pandemic, the building that the Authority uses for its meetings is currently closed to the public. As such, the meeting is open to the public via conference call only in accordance with Pennsylvania law (2020 Pa. Legis. Serv. Act 2020-15 (S.B. 841) (PURDON'S)) and the Governor’s Declaration of a State of Emergency for the Commonwealth of Pennsylvania dated March 6, 2020 due to a public health emergency, as amended by Amendment to Proclamation of Disaster Emergency dated June 3, 2020, and as further amended by Amendment to Proclamation of Disaster Emergency dated August 31, 2020. Questions may be directed in advance of the hearing date to Jocelyn Gallagher, Administrator, Fiscal Management and Operations, jgallagh@montcopa.org.


NOTICE IS HEREBY GIVEN THAT THE BOARD OF DIRECTORS OF THE MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY has scheduled a Board meeting for Wednesday, September 23, 2020 at 8:30 a.m. via conference call. Due to the COVID-19 pandemic, the building that the Authority uses for its meetings is currently closed to the public; as such the meeting is open to the public via conference call only. The call-in number is 712-770-5505 and the access code is 270345. Questions and comments may be directed to Jocelyn Gallagher, Deputy Director, Fiscal Management and Operations, jgallagh@montcopa.org.

 Board of Directors

Eric Pritchard, Esquire, Chair   Phone: 215-514-8754
 E-mail:eric.pritchard@fisherbroyles.com 
Adam Silverman, Esquire, Vice Chair   Phone: 215-665-2161
 E-mail: ASilverman@cozen.com
Elizabeth Moy, Secretary   Phone: 215-385-4239
 Email: Beth.moy@gmail.com 
Richard J. DePiano, Jr., Esquire, Treasurer   Phone: 610-688-6830 Ext 103
 E-mail: rdepianojr@escalonmed.com
Jay M. Lankford   Phone: 610-416-7677
 Email: lankfordjm@yahoo.com 
Mr. Jason E. Salus   Phone: 610-278-3066
 E-mail: jsalus@montcopa.org
 Mr. Bud TylerPhone: 215-784-0861
 E-mail: btyler@efgroup.com 

Solicitor


Merle R Ochrach, Esq.  Phone: 215-661-0400
 E-mail: mochrach@hrmml.com 

Auditor


Mallie, LLP   Phone: 610-935-1420