FINANCIAL_SERVICESAPPROVED

College Township Industrial Development Authority Minutes 2026-04-15

CTIDA to Manage $4M BIOS Grant for PrimeCore Project

$4 million (DCED grant managed), $50,000 CTIDA contributionCollege Township Industrial Development AuthorityPRIMECOREApril 15, 2026

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Description

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.

Contract Details

Contract Amount

$4 million (DCED grant managed), $50,000 CTIDA contribution

Vendor

PRIMECORE

Agency

College Township Industrial Development Authority, PA

Contract Type

FINANCIAL_SERVICES

Document Date

April 15, 2026

Renewal Info

Authority previously approved a similar agreement in 2024; this approval renews the administrative and oversight agreement framework executed with PrimeCore for BIOS funding.