Trending...
- Charmaine Thompson Turns Pain Into Purpose Through Woman of Power Charmcare
- Ritz-Carlton Residences Houston Generates Strong Early New Construction Sales at 2120 Post Oak Blvd
- FDA Path Clears, Manufacturing Ramps Up + $22.3 Million Strengthens the Balance Sheet; Inflection Point for NRx Pharmaceuticals (N A S D A Q: NRXP)
Governor Tom Wolf announced more than $11 million in low-interest loans through the Pennsylvania Industrial Development Authority (PIDA) that will help seven companies in five counties create and retain employees, grow their operations, and improve their facilities.
"Pennsylvania's job creators are getting people back to work, creating new opportunities and possibilities for communities all across the commonwealth," said Gov. Wolf. "Today's approved projects are a testament to the strength and resilience of our manufacturers, who are creating the products, services, and jobs we need to secure a bright, stable economic future."
In 2021, PIDA has approved $13,620,950 in low-interest loans that have resulted in $22,407,560 in private investment and supported 453 created and retained full-time jobs.
The approved projects are as follows:
Blair County
DelGrosso Foods, Inc., through Altoona-Blair County Development Corporation, was approved for a 15-year, $1.615 million loan at a 1 percent reset rate to renovate a vacant 160,220-square-foot building in Antis Township to become the future home of a new, expanded food manufacturing facility. Proposed renovations are extensive and include earthwork and stormwater management upgrades, concrete foundations and paving, plumbing, electrical, and HVAC upgrades, new doors, windows, drywall, paint, and an upgraded fire protection system. The total project cost is $12,800,000, and the company will retain 113 full-time employees and will create 26 new full-time jobs within three years.
Lancaster County
Flex-Cell Precision, Inc., through EDC Finance Corporation, was approved for a 15-year, $1.485 million loan at a 1 percent reset rate to expand its manufacturing facility in Lancaster City. The property currently consists of 17,500 square feet and through this project, will be expanded to 41,010 square feet. The total project cost is $3,300,000, and the company will create 10 and retain 45 full-time jobs within three years.
More on The PennZone
Messick Farm Equipment Inc., through EDC Finance Corporation, was approved for a 15-year, $2 million loan at a 1 percent reset rate to construct a 264,308-square-foot building in Rapho Township. The building will be mixed use, consisting primarily of warehouse and distribution, light manufacturing/service, office, and showroom space. The total project cost is $21.9 million, and the company will retain 100 full-time employees.
Rock Lititz Studio, LLC, through EDC Finance Corporation, was approved for a 15-year, $2 million loan at a 1 percent reset rate to build a 44,400-square-foot rehearsal studio known as Studio 2. The project site is located within the Rock Lititz Campus on a 96-acre Business Park in Warwick Township. The total project cost is $12,018,436, and the project will retain 125 full-time employees and create 5 full-time jobs within three years.
Monroe County
Tobyhanna Site LLC, through Northeastern Pennsylvania Alliance, was approved for a 15-year, $2 million loan at a 1 percent reset rate to construct a new 28,000-square-foot medical facility in Tobyhanna Township. Ninety percent of the space will be leased to St. Luke's Health Network, Inc. through a 15-year lease. The remaining ten percent will be occupied by a Dunkin Donuts coffee shop. The construction of this new facility will provide the public with access to St. Luke's University Health Network's physicians as well as other services such as medical procedures, physical therapy, laboratory services, medical office space, X-ray, and pediatrics. The total project cost is $8,755,182, and St. Luke's has committed to create 95 full-time jobs at the project site within three years.
More on The PennZone
Schuylkill County
That Fudge Place, LLC, through Northeastern Pennsylvania Alliance, was approved for a 15-year, $250,000 loan at a 1 percent reset rate to acquire and renovate a 10,296-square-foot building in Wayne Township. The newly renovated space will be the new location of That Fudge Place, LLC, a manufacturer of fudge products. The total project cost is $500,000, and eight current full-time employees will move into the new facility following the completion of renovations. The company anticipates creating five additional full-time jobs within three years.
York County
PSC Biotech Corporation (d/b/a BioTechnique), through York County Economic Development Corporation, was approved for a 10-year, $2 million loan at a 1 percent reset rate to acquire a 163,885-square-foot manufacturing facility located at 250 Cross Farm Lane in Conewago Township. The company is also working with the Governor's Action Team on this project, and the relocation will allow PSC Biotech Corporation to develop a contract manufacturing organization (CMO) cytotoxic-fill-finish facility at the new facility. The total project cost is $5,350,000, and this project will allow the Company to retain three full-time employees and create 100 full-time jobs within three years.
For more information about the Pennsylvania Industrial Development Authority and other DCED initiatives, visit dced.pa.gov.
SHARE Email Facebook Twitter
"Pennsylvania's job creators are getting people back to work, creating new opportunities and possibilities for communities all across the commonwealth," said Gov. Wolf. "Today's approved projects are a testament to the strength and resilience of our manufacturers, who are creating the products, services, and jobs we need to secure a bright, stable economic future."
In 2021, PIDA has approved $13,620,950 in low-interest loans that have resulted in $22,407,560 in private investment and supported 453 created and retained full-time jobs.
The approved projects are as follows:
Blair County
DelGrosso Foods, Inc., through Altoona-Blair County Development Corporation, was approved for a 15-year, $1.615 million loan at a 1 percent reset rate to renovate a vacant 160,220-square-foot building in Antis Township to become the future home of a new, expanded food manufacturing facility. Proposed renovations are extensive and include earthwork and stormwater management upgrades, concrete foundations and paving, plumbing, electrical, and HVAC upgrades, new doors, windows, drywall, paint, and an upgraded fire protection system. The total project cost is $12,800,000, and the company will retain 113 full-time employees and will create 26 new full-time jobs within three years.
Lancaster County
Flex-Cell Precision, Inc., through EDC Finance Corporation, was approved for a 15-year, $1.485 million loan at a 1 percent reset rate to expand its manufacturing facility in Lancaster City. The property currently consists of 17,500 square feet and through this project, will be expanded to 41,010 square feet. The total project cost is $3,300,000, and the company will create 10 and retain 45 full-time jobs within three years.
More on The PennZone
- FindCostSeg Launches Nationwide Directory for Cost Segregation Providers
- Master Of Science, Juggernaut Of The Screen: Landon Brittain Emerges As Hollywood's Most Unlikely Leading Man
- Black Dog Venture Partners and VC Fast Pitch to Host "San Francisco Investors and Innovators" Networking Event
- Four-Time Olympian Joetta Clark Diggs to Compete at World Masters Athletics Championships in Daegu
- New Book, The KI of Marketing, Helps Small Businesses Grow Without Trying to Outspend Bigger Competitors
Messick Farm Equipment Inc., through EDC Finance Corporation, was approved for a 15-year, $2 million loan at a 1 percent reset rate to construct a 264,308-square-foot building in Rapho Township. The building will be mixed use, consisting primarily of warehouse and distribution, light manufacturing/service, office, and showroom space. The total project cost is $21.9 million, and the company will retain 100 full-time employees.
Rock Lititz Studio, LLC, through EDC Finance Corporation, was approved for a 15-year, $2 million loan at a 1 percent reset rate to build a 44,400-square-foot rehearsal studio known as Studio 2. The project site is located within the Rock Lititz Campus on a 96-acre Business Park in Warwick Township. The total project cost is $12,018,436, and the project will retain 125 full-time employees and create 5 full-time jobs within three years.
Monroe County
Tobyhanna Site LLC, through Northeastern Pennsylvania Alliance, was approved for a 15-year, $2 million loan at a 1 percent reset rate to construct a new 28,000-square-foot medical facility in Tobyhanna Township. Ninety percent of the space will be leased to St. Luke's Health Network, Inc. through a 15-year lease. The remaining ten percent will be occupied by a Dunkin Donuts coffee shop. The construction of this new facility will provide the public with access to St. Luke's University Health Network's physicians as well as other services such as medical procedures, physical therapy, laboratory services, medical office space, X-ray, and pediatrics. The total project cost is $8,755,182, and St. Luke's has committed to create 95 full-time jobs at the project site within three years.
More on The PennZone
- The Alistair Apartments Reaches 95% Occupancy in Downtown Lancaster, PA
- Food Journal Magazine Focuses Its Los Angeles Dining Coverage Across Three Editorial Verticals
- Where Do Missouri Plane Crashes Really Happen? Not Where You'd Think
- LCC Asia Pacific Sponsors CubeSatPlus 2026 at UNSW Sydney
- Kellyn Endorses National Push to Expand Food is Medicine
Schuylkill County
That Fudge Place, LLC, through Northeastern Pennsylvania Alliance, was approved for a 15-year, $250,000 loan at a 1 percent reset rate to acquire and renovate a 10,296-square-foot building in Wayne Township. The newly renovated space will be the new location of That Fudge Place, LLC, a manufacturer of fudge products. The total project cost is $500,000, and eight current full-time employees will move into the new facility following the completion of renovations. The company anticipates creating five additional full-time jobs within three years.
York County
PSC Biotech Corporation (d/b/a BioTechnique), through York County Economic Development Corporation, was approved for a 10-year, $2 million loan at a 1 percent reset rate to acquire a 163,885-square-foot manufacturing facility located at 250 Cross Farm Lane in Conewago Township. The company is also working with the Governor's Action Team on this project, and the relocation will allow PSC Biotech Corporation to develop a contract manufacturing organization (CMO) cytotoxic-fill-finish facility at the new facility. The total project cost is $5,350,000, and this project will allow the Company to retain three full-time employees and create 100 full-time jobs within three years.
For more information about the Pennsylvania Industrial Development Authority and other DCED initiatives, visit dced.pa.gov.
SHARE Email Facebook Twitter
0 Comments
Latest on The PennZone
- The Refugee Archive Launches Campaign to Preserve 21 Female-Headed Household Oral Histories in Rebel-Controlled Goma
- Sharon Pinkenson Chosen as Philly Girl Top 40 Winner
- Space Ambitions Expanding as New Testing Builds on NASA Results and Targets MEO, GEO and Next-Generation Orbital Markets: Ascent Solar Technologies
- FDA Path Clears, Manufacturing Ramps Up + $22.3 Million Strengthens the Balance Sheet; Inflection Point for NRx Pharmaceuticals (N A S D A Q: NRXP)
- Charmaine Thompson Turns Pain Into Purpose Through Woman of Power Charmcare
- Buy Retatrutide Research Peptide: Why Reta Is Getting So Much Attention
- San Diego Attorney Anthony Z. Vargas Narrows Practice to Employment Law, Representing Employees Only
- Solid Earth Introduces RealtyID, a Universal Identity Spine for the Real Estate Industry
- GGILabs Expands Local SEO Services to Help Businesses Compete in AI-Driven Search
- Sara Viteri, Turnstone Creative Senior Producer, Named to Lehigh Valley Business' Forty Under 40
- Boyertown Mechanic Travels to Nashville to Learn How AI Is Changing Auto Repair
- Colonial Nissan Earns Capital One Top Performing Dealership Award
- BlazeHive's AI SEO Agent Outranks Human Writers on 500+ Google Top-3 Results in 5 Months, on Autopilot
- Logistics Expert Asks A Question Biology Has Overlooked: How Evolution Assembles Coordinated Novelty
- Phinge Exposes Massive AI Security Risks, Claiming Its Patented Hardware-Verified Architecture Is The Only Safeguard Against Surveillance Capitalism
- Phinge & CEO Robert DeMaio Publicly Declare Cash Settlements or Judgments Alone Cannot & Will Not Remedy the Deep Public Harm of Infringing Its IP
- Dana Flanagan Expands the Authority Architect, Bringing a Nontraditional Approach to Executive Authority, Strategic Access and Business Growth
- Phinge's Netverse: Reclaiming the Digital Frontier For Everyone Through CEO Robert DeMaio's Vision of a True App-less, User Data Sovereign World
- DuraFast Label Company Launches Seiko SLP850 2" Thermal Printer with Free Label Promotion
- Scientific Figure Releases Free Layout Template Libraries for Graphical Abstracts and Research Posters