Pennsylvania Department of Community and Economic Development
Harrisburg, Pennsylvanianewpa.com
Overview
The Pennsylvania Department of Community and Economic Development (DCED) is a cabinet-level state agency in Pennsylvania. Its mission is to foster opportunities for businesses to grow and for communities to succeed. The agency works to attract outside corporations, spur expansion of existing local employers, and foster start-ups by providing tax incentives and technical assistance. Additionally, the agency provides grant funding to community groups and local governments for projects such as revitalizing "Main Street" infrastructure, enhancing low income housing availability, or improving access to technology.
Investments
| Company | Date | Stage | Lead |
|---|---|---|---|
| First Ascent Biomedical | Mar 2025 | Grant | Co-investor |
| Adare Pharma Solutions | Aug 2024 | Debt | Lead |
| Astrobotic | Nov 2023 | Grant | Lead |
Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.