PA Department of Community and Economic Development
The mission of the Department of Community and Economic Development (DCED) is to foster opportunities for businesses to grow and for communities to succeed and thrive in a global economy. Our mission is to improve the quality of life for Pennsylvania citizens while assuring transparency and accountability in the expenditure of public funds.
400 North Street Harrisburg Pennsylvania 17120 United States
Designed to assist businesses that lack access to traditional sources of financing.
The Business Opportunity Fund is a partnership between the Pennsylvania Community Development Bank, the Community First Fund, Bridgeway Capital and the Pennsylvania Department of General Services. The purpose of this pilot program is to assist small minority or women-owned contractors and other small business owners who lack access to lines of credit or small business loans from traditional financial institutions, since this lack of access to credit prevents these businesses from competing for governmental and private sector contracts. These business owners often require technical assistance in governmental procurement including achieving necessary certification and bid preparation. The BOF is designed to assist borrowers with both financing and technical assistance.