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Pennsylvania Department of Community and Economic Development

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.

Year Founded

1996

Portfolio Companies

3

Website

newpa.com

Investments

Pennsylvania Department of Community and Economic Development investments
CompanyDateStageLead
First Ascent BiomedicalFeb 2025GrantCo-investor
Adare Pharma SolutionsAug 2024DebtLead
AstroboticNov 2023GrantLead

Sector & Stage Mix

Industry, funding stage, and valuation band breakdowns.

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SeedSeries ASeries BGrowth

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Investment Activity

Yearly cadence, pace, and funding raised over time.

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2021
2022
2023
2024
2025
2026

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FAQ

Firmographic Details

HeadquartersHarrisburg, Pennsylvania
Year Founded1996

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