MontcoForward Loan Program
The Commerce Department’s flagship economic development program is the MontcoForward Loan Program (MFL). A cooperative initiative of the County government and Montgomery County RDA, the MFL is designed to help businesses grow, increase productivity, and maximize the value of investments in Montgomery County, Pennsylvania.
Your business is constantly changing, and looking for talented staff can be time consuming and frustrating. Many companies turn to recruitment firms that can find appropriate candidates and assist with general human resource challenges, but traditional recruitment firms can be expensive, and may not be the right partner for the positions your company is seeking to fill.
Montgomery County serves as the recruitment service provider for more than 4,000 companies in the County — and we provide the service free of charge to your business. There's no cost to advertise a position, no payment to a recruiter for a job placement, and the only investment you need to make is the time it takes to get to know the Commerce Department and the Business Services Team at PA CareerLink® Montgomery County, a proud partner of the American Job Center® Network.
Workforce Development Training Programs
On-the-Job Training (OJT) and Customized Job Training (CJT) are two training programs that have been designed primarily for employers that are new to the area, start-ups, expanding, or upgrading training to stay competitive. These programs help job seekers who do not have the related education, training or work experience to immediately qualify for a job. At the successful completion of training, the employer is expected to retain the trainee as a regular full-time employee.
Employers participating in OJT are partially reimbursed for trainee wages to help offset the costs of training, whereas CJT funds are used to reimburse costs incurred due to training.
The Montgomery County Workforce Development Board, MontcoWorks, has a goal to become the recognized "broker" of workforce and economic development resources in a seamless system driven by customer choice, complete and reliable information, and competition.
The Redevelopment Authority’s principal purposes are assisting the County’s townships and boroughs in stimulating economic revitalization, with resultant improvements in employment, infrastructure, services, and tax ratables, and aiding in the provision of affordable housing.
Industrial Development Authority
The Industrial Development Authority aims to maintain a high level of employment and create and maintain business opportunities by:
- Borrowing money from private sector financing institutions
- Loaning this money to Montgomery County companies to finance projects
- Securing below-market interest rates on loans that are tax-exempt to the lender