Governor Wolf Announces New Approvals for Low-interest Loans to Support 20 Small Business Projects in 13 Counties, Supporting More Than 1,100 Jobs

Harrisburg, PA – Today, Governor Tom Wolf announced new low-interest loan approvals through the Pennsylvania Industrial Development Authority (PIDA) program for 20 small business projects in 13 counties across the commonwealth that will help create and retain more than 1,100 jobs statewide.

“One of the best ways we can encourage businesses to grow and create jobs is by providing access to capital for acquisition of property, construction, or purchase of equipment and machinery that businesses need to expand,” Governor Wolf said. “The projects approved at today’s meeting will create jobs and move our economy forward.”

In 2018, PIDA has approved $8.4 million in low-interest loans that have resulted in $8 million in private investment and supported 331 created and retained full-time jobs. This month, PIDA approved a total approximately $15.3 million in fixed, low-interest loans to projects in Berks, Blair, Bradford, Bucks, Chester, Crawford, Cumberland, Dauphin, Fayette, Huntingdon, Lackawanna, Lancaster, and Philadelphia counties.

The following loans were approved:

Berks County

Ricky and Miriam Manwiller were approved for a $400,000, 15-year loan at a 2 percent fixed rate through the Greater Berks Development Fund for the construction of two 31,500-square-foot poultry houses on their Heidelberg Township farm. Each poultry house can raise 36,000 birds per flock, and the Manwillers anticipate being able to raise up to 5.5 flocks per year.

Zahncroft Dairy, LLC was approved for a $400,000, 15-year loan at a 2 percent fixed rate through the Greater Berks Development Fund for construction of a 37,377-square-foot, free-stall barn with 217 stalls, a milking parlor with a double 12 parallel milk house, and a two-stage manure storage pit on their dairy farm located in Womelsdorf.

Targeted Solutions, LLC was approved for a $180,000, 5-year loan at a 2 percent fixed rate through the Greater Berks Development Fund to assist with the purchase of a Ryobi 755 five color press to be used at their direct mail production facility in Mohnton. The project will enable to company to retain 77 existing full-time jobs.

Radius Corporation was approved for a $1,430,000, 15-year loan at a 2 percent fixed rate through the Greater Berks Development Fund to relocate into a new, larger manufacturing facility. The new facility is a multi-story building formerly operated as a silk mill that will undergo extensive renovations and improvements to provide a better manufacturing layout, inventory warehousing, and office space. The project will enable the company to retain its 28 full-time employees and to create 14 new full-time positions in the next three years.

Blair County

East Freedom Surgical Associates, LLC was approved for a $350,000, 5-year loan at a 2 percent fixed rate through Altoona-Blair County Development Corporation for the purchase of new and used medical and surgical equipment needed for a new ambulatory center in Duncansville Borough. The equipment is necessary for licensing and certification as a stand-alone surgical center. The project will retain the company’s six existing employees and enable to company to create four additional positions.

Bradford County

Principle Enterprises, LLC was approved for a $1,125,000, 10-year loan at a 2 percent fixed rate through the Northern Tier Regional Planning & Development Commission for the acquisition of a 68,885-square-foot building on 14 acres in Canton Township. The project will enable Principle Enterprises to retain 125 jobs and create 75 more over the next three years.

Bucks County

Rushabh Instruments, LLC / SPS Investment Holdings, LLC was approved for a $199,900, 15-year loan at a 2 percent fixed rate through the Bucks County Economic Development Corporation to assist with the acquisition of a 7,813-square-foot facility in Northampton Township. The proposed acquisition will provide Rushabh Instruments the necessary space for its expanding operation, and SPS Investment Holdings, LLC will own the real estate to be acquired. The project will enable the company to retain three existing employees and create two full-time jobs within three years.

Chester County

Howard and Sandra Reyburn were approved for a $400,000, 15-year loan at a 2 percent fixed rate through the Chester County Economic Development Council for the construction of two 20,212-aquare-foot hog finishing barns on the Reyburn’s existing farm located in Oxford, Upper Oxford and Lower Oxford Townships, Chester County.

Crawford County

The Economic Progress Alliance of Crawford County was approved for a $479,850, 15-year loan at a 2 percent fixed rate for the construction of a 22,000-square-foot building in the Keystone Regional Industrial Park located in Cochranton. The site will be marketed as a multi-tenant facility, and the Economic Progress Alliance of Crawford County anticipates two tenants occupying the building, with each tenant occupying approximately 11,000 square feet of the building. The project is expected to create 25 full-time jobs, ranging from manufacturing to administrative support.

Cumberland County

Amish Country Bakehouse, LLC was approved for two separate loans totaling $850,804 at a 2 percent fixed rate through Cumberland Area Economic Development Corporation for the purchase of machinery and equipment and the acquisition and renovation of a 23,917 square-foot building on 2.36 acres located in Carlisle. The project includes demolition of approximately 1,340 square feet of the existing building, construction of a 2,310-square-foot addition for manufacturing space, a new dock and cooler, and other new equipment. The project will enable the company to retain 16 existing full-time employees and create 20 full-time jobs within three years.

Dauphin County

Mold-Base Industries, Inc. was approved for an $874,000, 15-year loan at a 2 percent fixed rate through Capital Region Economic Development Corporation for the acquisition of the 71,565-square-foot building complex situated on 4.99 acres of real estate in Swatara Township. The company will also transition to a newly-formed employee stock ownership plan in which its employees will take over the ongoing operations of the company. The project will enable Mold-Base Industries to retain its 55 employees.

Fayette County

Fay-Penn Economic Development Council was approved for a $1,373,000, 15-year loan at a 2 percent fixed rate for the renovation and expansion of their existing 35,000-square-foot facility located in Georges Township. The building is occupied by a single tenant, NiSource, Inc. The expansion will accommodate more space for NiSource Inc.’s customer call center operation. The project will enable NiSource to retain 310 employees and create 35 additional jobs in the next three years.

Huntington County

Kulp Family Dairy, LLC was approved for a $400,000, 15-year loan at a 2 percent fixed rate through Altoona-Blair County Development Corporation for the acquisition of two separate parcels totaling over 303 acres of land located in Warriors Mark and Franklin Townships. Used historically as farm land, it will reduce Kulp Family Dairy, LLC’s reliance upon leased ground and purchased feedstock to support its herd.

Lackawanna County

Pasqualichio Bros., Inc. was approved for two separate loans totaling $2,780,182 at a 2 percent fixed rate through Scranton Lackawanna Industrial Building Company for the acquisition of a 4.91-acre lot located at the Valley View Business Park in Jessup Borough. The project will also include the construction of a 32,000-square-foot building due to the company outgrowing its current business operation located in downtown Scranton. The project will enable the company to retain 60 full-time jobs while creating 15 additional new jobs in the next three years at the new site consisting of laborers, line-workers, drivers, and a foreman.

McAulliffe Chiropractic P.C. was approved for a $15,800, 10-year loan at a 2 percent fixed interest rate through the Northeastern Pennsylvania Alliance to finance the purchase of a digital x-ray machine to be installed at the company’s office location in Clarks Summit. The digital x-ray machine will replace an aging plain film x-ray machine, reducing energy consumption usage and the environmental footprint from chemicals and film that are used in the process of making x-rays.

Lancaster County

Glick Fire Equipment Company, Inc. was approved for a $1,284,250, 15-year loan at a 2 percent fixed rate through EDC Finance Corporation for the acquisition of two of the three current locations of Glick Fire Equipment Company from original founders David and Susan Glick, continuing the transition of ownership of the company to David and Susan’s children. The two facilities are located in Lancaster and Butler counties. The project will enable the company to retain 63 existing full-time employees and create three full-time jobs within three years.

Cooper-Booth Wholesale Co. L.P. was approved for a $2 million, 15-year loan at a 2 percent fixed rate through EDC Finance Corporation for the construction of an 82,600-square-foot addition to the company’s warehouse in Mountville. This expansion project will help the company accommodate their continued growth at one location. The project will enable the company to retain 220 full-time jobs.

Mitchell and Heather Shellenberger were approved for a $400,000, 15-year loan at a 2 percent fixed rate through EDC Finance Corporation for the expansion of the Shellenberger’s farming operation through the construction of a 101-foot x 262-foot hog-finishing barn. The new construction will add an additional 3,300 hogs to the farm’s production cycle.

Brubaker Run Farms, LLC was approved for a $362,500, 15-year loan at a 2 percent fixed rate through EDC Finance Corporation for the acquisition of a farm from the father of one of the company’s principals, Robert Brubaker. The farm is located in Manheim.

Philadelphia

Triple Bottom Brewing Company was approved for a $400,000, 6-year loan at a 2 percent fixed rate through PIDC Financing Corporation to establish a craft brewery located within the Spring Arts District of Center City Philadelphia. The company will be retaining 2 full-time employees and creating 14 full-time jobs within three years.

PIDA is an independent authority staffed and regulated through the Department of Community and Economic Development. The authority provides capital for building acquisition, construction and renovation work, machinery, and equipment loans along with working capital lines of credit, primarily for manufacturers, industrial developers, research and development firms, agricultural processors, and employers looking to establish national or regional headquarters in Pennsylvania.

For more information about the Pennsylvania Industrial Development Authority and other DCED initiatives, visit the DCED website, and be sure to stay up-to-date with all of our agency news on Facebook, Twitter, and LinkedIn.

MEDIA CONTACTS:
Michael Gerber, 717.783.1132

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