Governor Wolf Announces New Approvals for Low-interest Loans to Support 23 Small Business Projects and Nearly 400 New Jobs

Harrisburg, PA – Today, Governor Tom Wolf announced new low-interest loan approvals made by the Pennsylvania Industrial Development Authority (PIDA) program for 23 small business projects in 13 counties across the commonwealth that will help create nearly 400 new jobs within three years.

“When we offer fiscally responsible support for small businesses and established companies alike in the private sector, we enrich economic opportunity for all Pennsylvanians,” said Governor Wolf. “Pennsylvania’s business climate has never been stronger. Through our comprehensive economic development initiatives, we are attracting companies and creating jobs in manufacturing, agriculture, logistics, energy, and other businesses and helping families and communities to achieve success.”

Thus far in 2017, PIDA has approved $41 million in low-interest loans that have resulted in $170 million in private investment and supported 1,859 created and retained full-time jobs.

Over the past two months, PIDA approved a total of more than $25.6 million in fixed, low-interest loans to 23 projects in Bedford, Berks, Bucks, Centre, Dauphin, Fayette, Lancaster, Lebanon, Lehigh, Luzerne, Somerset, Tioga and Westmoreland counties that will generate more than $28 million in matching capital investment.

The following loans were approved:

Bedford County

Lincoln Highway Farms LLC was approved for a $400,000, 12-year term loan at a fixed 2 percent rate through Southern Alleghenies Planning & Development Commission to assist in the construction of a 40,882-square-foot hog finishing barn on 172 acres on Turner Camp Road in Napier Township. The barn will house 4,800 hogs. Lincoln Highway Farms, co-owned by Carl Egolf and his son, Adam, is entering into the hog farming industry and has secured a contract with Country View Family Farms.

550 Sunnyside Road, LLC was approved for a $2,250,000, 10-year term loan at a fixed 2 percent rate through Bedford County Development Association to assist in the acquisition of a 470,000-square-foot multi-tenant building located on 37.85 acres on Sunnyside Road in Bedford Township. The new owner will maintain existing on-site tenant lease agreements with Pomps Tire Service, Defiance Metal Products, and Kennametal.

TMW Candies LLC was approved for a $400,000, 15-year term loan at a fixed 2 percent rate through Bedford County Development Association to assist in the construction of a new 10,080-square-foot building on 5 acres on William Penn Road in East St. Clair Township. The new building will enable the company, which was founded in Bedford in 1929, to increase production capacity, retain seven full-time jobs and create four full-time jobs within three years.

Berks County

Good Life Financial Group LLC was approved for a $1,357,500, 15-year term loan at a fixed 2 percent rate through Greater Berks Development Fund to assist in the acquisition and renovation of 24,000-square-foot building on Lancaster Pike in Cumru Township. The project will help enable the company, which has 11,000 customers nationwide, to retain 28 current employees and create 73 full-time jobs within three years.

Bucks County

PURO-TEC Ltd. was approved for a $365,000, 15-year term loan at a 2 percent fixed rate through Bucks County Economic Development Corporation to assist in the purchase and renovation of an 18,051-square-foot building on Wicker Avenue in Bensalem. PURO-TEC is a full-service construction company specializing in emergency services and loss mitigation caused by fires, floods and other disasters affecting residential and commercial properties. The company has committed to retaining 14 full-time jobs as a result of this project.

Tyger Scientific, Inc. was approved for a $400,000, 12-year term loan at a 2 percent fixed rate through Bucks County Economic Development Corporation to assist in the acquisition and renovation of a 5,000-square-foot facility and the purchase of machinery and equipment on Walker Way in Newtown. This project is part of the company’s expansion of their research and development operations from New Jersey. Tyger Scientific concentrates in custom research, development and manufacturing of chemical compounds. The company has committed to retaining eight full-time jobs as a result of this project.

Abington Reldan Metals, LLC was approved for a $2,250,000, 15-year term loan and a $632,995, 10-year term machinery and equipment loan, both at a 2 percent fixed rate, through Bucks County Economic Development Corporation. The loans will assist in the renovation and expansion of the company’s 62,250-square-foot building, which includes the construction of a 33,100-square-foot manufacturing building and a 7,700-square-foot connecting addition, on 9.82 acres on Old Bordentown Road in Fairless Hills. A 3,250-square-foot mezzanine will be added to be used as a machine and electrical repair shop. The company has committed to retaining 150 full-time jobs as a result of this project.

Diamond Tool & Fasteners Inc. was approved for a $2,250,000, 15-year term loan and a $473,058, 10-year term machinery and equipment loan, both a 2 percent fixed rate, through Bucks County Economic Development Corporation to assist in the acquisition and renovation of a 55,000-square-foot building on Gundy’s Lane in Bristol Township. The new facility will serve as the company’s warehouse and distribution center for large construction equipment and inventory. The company has committed to retaining five full-time employees and creating 51 new full-time jobs within three years as a result of this project.

Centre County

Organic Climbing, LLC was approved for an $800,000, 15-year term loan at a 2 percent fixed rate through Moshannon Valley Economic Development Partnership to assist in the construction of a 17,239-square-foot manufacturing facility on 9 acres on Enterprise Drive in Phillipsburg. Organic Climbing was founded in Laramie, Wyoming, and relocated to Pennsylvania in 2010. The company manufactures high-quality, innovative rock-climbing gear and sells globally. The company will retain 16 employees and create five full-time jobs as a result of this project.

Dauphin County

IWI US, Inc. was approved for a $2 million, 15-year term loan at a 2 percent fixed rate through Capital Region Economic Development Corporation to assist in the purchase of a 68,074-suqare-foot building on Stoneridge Drive in Middletown. IWI US is an assembler and distributor of weaponry for law enforcement and commercial uses such as self-defense and sport shooting. The company will retain 42 current employees and create 38 full-time jobs within three years as a result of this project.

Fayette County

Fayette Pipe Company, a new wholly-owned subsidiary of Specialty Conduit and Manufacturing LLC, was approved for a $1,400,000, seven-year term loan at a 2 percent fixed rate through Fay-Penn Economic Development Council to assist in the acquisition of machinery and equipment to produce threaded pipe at its facility on University Road in North Union Township. The company has committed to retaining 52 current full-time employees and creating 17 new full-time jobs within three years as a result of this project.

Lancaster County

Springfield Manor Farm, LLC was approved for a $400,000, 15-year term loan at a 2 percent fixed rate through EDC Finance Corporation to assist is the construction of a 28,272-square-foot cage-free layer house and manure shed for an existing poultry, hog and, crop farm on Blue Rock Road in Lancaster. The new layer house will host 41,385 birds to produce eggs that will be sold to R. W. Sauder Inc. Springfield Manor Farm was formed in 2013 through a partnership formed by lessee Timothy A. Long and longtime farmer James Charles.

Jay and Amanda Reiff were approved for a $400,000, 15-year term loan at a 2 percent fixed rate through EDC Finance Corporation to assist with construction of two 31,500-square-foot broiler houses on their family farm owned by Jay’s parents, Marvin and Anna Reiff, on Newport Road in Manheim. The Reiffs are lifelong farmers and have an exclusive growing contract with Hain Pure Protein Corporation, which markets, sells, and distributes natural and organic food products worldwide under a variety of brand names.

Robert and Andrea Brubaker were approved for a $375,000, 15-year term loan at a 2 percent fixed rate through EDC Finance Corporation to assist in the acquisition of 52 acres of farmland adjacent to their home farm on Colebrook Road in Ralpho Township. The Brubakers produce broilers, hogs, ducks, and pullets.

Lebanon County

Justin and Eve Beamesderfer were approved for a $200,000 15-year term loan at a 2 percent fixed rate through Lebanon Valley Economic Development Corporation to assist in the construction of a new 31,500-square-foot poultry production facility on their 63.6-acre farm on Jonestown Road in East Hanover Township. The project will further enhance the Beamesderfers’ ability to raise antibiotic-free, organic birds.

Lamar and Kirsten Sensenig were approved for a $400,000 15-year term loan at a 2 percent fixed rate through Lebanon Valley Economic Development Corporation to assist in the construction of two new broiler houses comprising 59,976 square feet on their 66.1-acre poultry farm on Huckleberry Road in Swatara Township. The new broiler houses, which will match the organic certification of two already on the property, will enable the Sensenigs to increase revenue and have an overall flock capacity of 155,500 birds.

Lehigh County

Royal Industries International, Inc. was approved for a $1.25 million, 10-year term loan at a 2 percent fixed rate through Lehigh’s Economic Advancement Project, Inc. to assist in the acquisition of an 84,590-square-foot building on 4 acres on North Plymouth Street in Allentown. Royal Industries International is high-tech vinyl manufacturing company that produces products that are used for business promotional purposes and marketed nationwide. The company was founded 65 years ago and is expanding into Pennsylvania with assistance from the Governor’s Action Team and will be creating 80 full-time jobs within three years.

Luzerne County

Mickey Truck Bodies Inc. was approved for a $1,214,818 15-year term real estate loan and a $1,285,182 seven-year machinery equipment term loan, both at a 2 percent fixed rate through Northeastern Pennsylvania Alliance, to assist in establishing a second manufacturing facility in Pennsylvania to be located on River Road in Salem Township. The site comprises of two industrial structures totaling 157,762 square feet on 27 acres. The company also will be purchasing new machinery and equipment to install in the structures. Mickey Truck Bodies is the oldest family-owned and operated truck body and trailer manufacturer in the United States. The company expanded into Pennsylvania with assistance from the Governor’s Action Team. With its new project, the company will hire 50 new full-time employees within three years.

Susquehanna Brewing Company was approved for a $190,000 10-year term loan at a 2 percent fixed rate through the Greater Hazleton Community Area New Development Organization to assist in the acquisition of machinery and equipment to be located at its production facility on South Main Street in Pittston. The machinery and equipment are needed to increase the company’s brewing capacity to 11,000 barrels annually. The company was founded by the Maier and Noble families and introduced its first craft products to the region in 2012. The company has committed to retaining its 20 full-time employees and creating five full-time jobs within three years.

Somerset County

Keith and Denise Leydig were approved for a $400,000, 15-year term loan at a 2 percent fixed rate through Southern Alleghenies Planning & Development Corporation to assist in the construction of a 40,882-square-foot hog finishing barn on 135 acres of farmland on Swampcreek Road in Brothersvalley Township. The new finishing barn will have a capacity of 4,800 hogs.

Tioga County

Stonewall Pork LLC was approved for a $400,000, 15-year term loan at a 2 percent fixed rate through Northern Tier Regional Planning & Development Commission to assist in the construction of a 41,082-square-foot hog finishing barn on 10 acres of farmland on Alder Run Road in Jackson Township. The new finishing barn will have an annual production of 9,296 hogs.

Kurtis and Julia Watterson were approved for $315,000, 15-year term loan at a 2 percent fixed rate through Northern Tier Regional Planning & Development Commission to assist in the construction of a 33,390-square-foot pullet house to hold 37,500 hens and 3,750 roosters on their 133-acre farm on Blair Creek Road in Chatham Township.

Westmoreland County

Fayette Parts Service Inc. was approved for a $1,080,000, 15-year term loan at a 2 percent fixed rate through Economic Growth Connection of Westmoreland to assist in the acquisition of a 36,442-square-foot building on 7.3 acres on Findley Road in Rostraver Township to house company inventory and centralize operations to service 29 auto parts and service stores. The project also will help the company expand in the region. It has committed to creating 22 new 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.

PIDA continues to offer eligible qualified applicants a fixed interest rate of 2 percent for real estate financing, equipment loans, and 12-month periods for working capital and accounts receivable lines of credit for a limited time.

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:
J.J. Abbott, Governor’s Office, 717-783-1116
David Smith, DCED, 717-783-1132

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