Governor Wolf: New Funding Will Help Pennsylvania Farmers Grow Their Businesses
Harrisburg, PA – Today, Governor Tom Wolf announced the approval of $1.6 million in low-interest loans funding to assist four Pennsylvania farms with construction costs and land acquisition to spur business creation and expansion.
“My administration is committed to strengthening our infrastructure and resources to help our farmers thrive,” Governor Wolf said. “We are pleased to assist Pennsylvania farmers navigate through the unique challenges and opportunities today’s economy presents.”
Funded through the commonwealth’s First Industries program, the following loans were approved:
Rohrer Farm was approved for a $400,000, 15-year loan at a 2.5 percent reset rate through the Greater Berks Development Fund. The loan will support the construction of a 34,680-square-foot cage free organic pullet house in Upper Bern Township.
Junk-Inn Farms, LLC was approved for a $400,000, 15-year loan at a 2.5 percent reset rate through the Franklin County Area Development Corporation. The loan will support the construction of a 40,831-square-foot hog finishing barn in Metal Township.
Lancaster County Daniel and Wendi Bollinger were approved for a $400,000, 15-year loan at a 2.5 percent reset rate through the EDC Finance Corporation. The loan will support the acquisition of 48.90 acres of farmland in Warwick Township. The property includes two pullet houses, a hog finishing barn, and various machinery sheds.
Manbeck Farm was approved for a $400,000, 15-year loan at a 2.5 percent reset rate through the NEPA Alliance. The loan will support the construction of a 19,600-square-foot hog finishing barn in Schuylkill Haven Borough.
The First Industries Fund (FIF) is a program aimed at strengthening Pennsylvania’s agriculture and tourism industries through loans and loan guarantees. For more information about the Commonwealth Financing Authority or the DCED, visit the DCED website, and be sure to stay up-to-date with all of our agency news on Facebook, Twitter, and LinkedIn.
J.J. Abbott, Governor’s Office, 717.783.1116
Michael Gerber, DCED, 717.214.5325