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The Early Intervention Program (EIP) provides matching grant funds to assist municipalities experiencing financial difficulties. The program assists local government in setting multi- year financial plans and establish short and long term financial goals. The EIP will cover 50% of a project cost up to $200,000.
It provides for the restructuring of debt of financially distressed municipalities, limits the ability of financially distressed municipalities to obtain government funding; authorizes municipalities to participate in federal debt adjustment actions and bankruptcy actions under certain circumstances; and provides for consolidation or merger of ...
Oct. 17—PLAINS TWP. — Junior Achievement of Northeastern Pennsylvania's manufacturing-focused career programs are receiving a $200,000 boost. The investment comes from the Shapiro ...
A federal grant is an award of financial assistance from a federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of the United States. Grants are federal assistance to individuals, benefits or entitlements. A grant is not used to acquire property or services for the federal government's direct ...
Nov. 26—WILKES-BARRE — Department of Community and Economic Development (DCED) Secretary Rick Siger this week announced the approval of $36 million through the Neighborhood Assistance Program ...
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Project grants are the most common form of grants and a large number are found in scientific research, technology development, education (such as Federal Pell Grants), social services, the arts and health care types of assistance. [citation needed] Formula grants provide funds as dictated by a law. Examples of this type of grant includes Aid to ...
The Local Economic Revitalization Tax Act (LERTA) plan allows a 100% ten-year tax exemption for the costs of new construction or improvements to property. The program in its current form expires on 13 November 2007. The City Council, the Erie School Board, and the Erie County Council must approve any new program. [9] [10]