Growing companies often look to conserve cash to solidify their working capital position for the long run, but often growth also requires down-payments on capital purchases for real estate and equipment needs. Fortunately, SBA 504 financing is available through YCEA that offers companies expanding an existing facility or acquiring neighboring property for an expansion project an opportunity to finance 100% of their capital project costs.
Located in downtown York’s Central Market, YorKitchen provides a unique service to residents of the City of York, the surrounding Central Pennsylvania area and beyond.
YorKitchen is a modern, fully licensed, shared commercial kitchen incubator available for rent by the hour to food producers and for nutrition educational training. YorKitchen sits in the middle of a produce and food hub and houses a wide variety of commercial equipment, work tables and necessities needed to help small businesses succeed and grow.
Legislation known as the “Purely Public Charities” legislation, Senate Bill 4, would grant the General Assembly the ability to “establish uniform standards and qualifications which shall be the criteria to determine qualification as institutions of purely public charity”. Currently, in Pennsylvania, the Supreme Court has the sole authority to define a “purely public charity” and the General Assembly has the authority to set standards for tax-exempt status.