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FINANCIAL_SERVICESAPPROVED

College Township Industrial Development Authority Awards Financial Services Contract to PRIMECORE (April 2026)

College Township Industrial Development Authority approved acting as applicant and pass-through account holder for the DCED BIOS grant for PrimeCore, supporting the purchase and revitalization of the Nittany Mall. CTIDA will manage $4 million in BIOS grant funds and provide a $50,000 project funding commitment, contingent upon grant and loan approval.

Document date · April 15, 2026

Issuing agencyCollege Township Industrial Development AuthorityVendorPRIMECORE

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WithersRavenel logo
Derivita logo
Comcate logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
$4 million (DCED grant managed), $50,000 CTIDA contribution
Contract type
FINANCIAL_SERVICES
Renewal
Authority previously approved a similar agreement in 2024; this approval renews the administrative and oversight agreement framework executed with PrimeCore for BIOS funding.
Document type
Minutes
Source document
College Township Industrial Development Authority Minutes 2026-04-15

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Borough of State College Council AgendaPacket Regular Meeting 2026-08-31
PENDING
Borough of State College, Pennsylvania$15,750,000 (purchase price); $250,000 initial payment; $5,000,000 due at LIHTC application filing; balance due at closing in 2027Aug 31, 2026
College Township Industrial Development Authority Board Meeting Agenda April 2026
RENEWED
College Township Industrial Development Authority, Pennsylvania$50,000Apr 15, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by College Township Industrial Development Authority?

PRIMECORE was awarded this financial services contract by College Township Industrial Development Authority, as recorded on April 15, 2026. The contract value is $4 million (DCED grant managed), $50,000 CTIDA contribution.

How much is the PRIMECORE contract with College Township Industrial Development Authority worth?

The PRIMECORE contract with College Township Industrial Development Authority is valued at $4 million (DCED grant managed), $50,000 CTIDA contribution, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in College Township Industrial Development Authority Minutes 2026-04-15 (Minutes), dated April 15, 2026 from College Township Industrial Development Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does PRIMECORE hold?

PRIMECORE may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View PRIMECORE's profile

What is College Township Industrial Development Authority currently buying?

Explore College Township Industrial Development Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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