The College Township Municipal Building 1481 East College Avenue State College, PA 16801
Other Information (Overview, Responsibilities, etc.)
The College Township Industrial Development Authority (CTIDA) was organized in 1972 to alleviate problems involving unemployment, blight, and air and water pollution. The Authority encourages the development of business opportunities by backing financing for the construction, improvement, rehabilitation, and revitalization of manufacturing, and research and development enterprises.
A total of six Township residents are appointed as full Directors on the CTIDA Board for staggered, five-year terms. Two additional appointees serve as Alternate Directors, also with five-year terms and full voting rights.
The Authority meets on the third Wednesday of each month at 9:30 am at the College Township Municipal Building. The Authority collects fees on projects and has its own assets. The CTIDA is autonomous, thus, all of its actions are independent of the College Township Council, although certain types of financing must be authorized by the Council following an advertised public hearing.