College Township Industrial Development Authority

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Overview

The College Township Industrial Development Authority (CTIDA) was organized in 1972 to alleviate problems involving unemployment, blight, and air and water pollution. The Authority encourages the development of business opportunities by backing financing for the construction, improvement, rehabilitation, and revitalization of manufacturing, and research and development enterprises.

Board of Directors

A total of nine College Township residents are appointed as full Directors on the CTIDA Board for staggered, five-year terms. 

The Authority meets on the third Wednesday of each month at 9:30 am at the College Township Municipal Building. The Authority collects fees on projects and has its own assets. The CTIDA is autonomous, thus, all of its actions are independent of the College Township Council, although certain types of financing must be authorized by the Council following an advertised public hearing.

Financial Assistance Programs

The CTIDA provides a number of various financial assistance programs to encourage economic development in College Township and throughout the Centre Region and Centre County, PA. Programs for businesses include loans, lines of credit, assistance in acquiring grants, and business incentives. 

For more information or to request financial assistance, email admin@ctida.com


CTIDA Solicitor: Jeffrey Stover of Stover McGlaughlin
CTIDA Auditor: Firoe, Fedeli, Snyder, Carothers, LLP
CTIDA_By Laws_Adopted January 18. 2023 (PDF)

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