New Business Start Ups or Locations

Accounting & Recordkeeping: Assistance to set-up record keeping systems for the small business owners addressing what taxes and insurance have to be paid, when to pay these taxes, where to send the tax payments, etc.

Business Incubator: Offering space and services to for-profit emerging businesses. Space and services varies by location but services may include:

  • Below market lease rates.
  • Broadband telecommunications.
  • On-site, no fee, professional business counseling.
  • Ample, on-site, free parking.
  • Break room / kitchenette.
  • Accounting assistance.
  • Legal assistance.
  • Insurance.
  • Conference room, copier, and administrative support.

Business Investment: Direct investments in promising technology-oriented companies throughout the Commonwealth to fund critical commercialization activities and growth needs. Also invests in select seed and early-stage PA venture funds, provides support for angel investor groups, sponsors business plan competitions and is involved with initiatives designed to give new entrepreneurs the capital-raising tools to attract funding.

Business Lending: Stimulates business expansions leading to the creation and retention of regional jobs by providing low-interest financing. Staff works with eligible businesses to package loans to support projects utilizing all public funding sources working with commercial lenders.

Business Plan Development: Important for both new and existing businesses.  The entrepreneur or business owner is guided through the process of developing the plan.  The plan serves as a guide for operating the business as well as tool to assist in obtaining financing.

Business Start-Up Procedures: Assistance is provided to entrepreneurs in areas such as business name registration, federal and state tax numbers, local rules and regulations, insurance requirements, business licenses, etc.

Contact:

St. Francis University Small Business Development Center

PO Box 600, Loretto, PA 15940-0600

814-472-3200

sbdc@francis.edu

https://francis.edu/small-business-development-center/