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
NOTICE IS HEREBY GIVEN THAT THE BOARD OF DIRECTORS OF THE MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY has scheduled a Board meeting for Wednesday, January 26, 2022 at 8:30 a.m. The meeting is open to the public and will be held in person at the Montgomery County Commerce Department’s Large Board Room, Human Services Center, 1430 DeKalb Street, 5th Floor, Norristown, PA 19401 and by conference call. The dial-in number is (267) 807-9605and the access code is 270345. Questions and comments may be directed to Jocelyn Gallagher, Deputy Director, Fiscal Management and Operations, firstname.lastname@example.org.