The Corbett Administration announced in a press release Thursday that low-interest loans approved by the Pennsylvania Industrial Development Authority (PIDA) will support the development of a business park, help two manufacturers to expand and create 326 new jobs.
“Governor Corbett is committed to putting Pennsylvanians back to work through investing in our workers and partnering with job creators,” Department of Community and Economic Development Secretary C. Alan Walker said. “The low-interest loans approved today will help to create manufacturing job opportunities for Pennsylvanians.”
PIDA approved $3.86 million in low-interest loans for three projects in Berks, Lehigh and Fayette counties. The investments will support the retention of 319 jobs, creation of 326 new jobs and will result in additional private investments totaling $49 million.
“Under the governor’s leadership, we’ve recently seen the largest increase in manufacturing jobs in over a decade and we’ve added almost 75,000 private sector jobs to our economy,” Walker said. “Continued support of our state’s manufacturers will result in even greater job growth for Pennsylvanians.”
In 2012, PIDA has approved $30.16 million in low-interest loans that have resulted in $115.2 million in private investment and supported 2,744 jobs.
PIDA provides capital for building acquisition, construction and renovation work, 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 economic development initiatives in Pennsylvania, visit www.newPA.com or call 1-866-466-3972.
“Governor Corbett is committed to putting Pennsylvanians back to work through investing in our workers and partnering with job creators,” Department of Community and Economic Development Secretary C. Alan Walker said. “The low-interest loans approved today will help to create manufacturing job opportunities for Pennsylvanians.”
PIDA approved $3.86 million in low-interest loans for three projects in Berks, Lehigh and Fayette counties. The investments will support the retention of 319 jobs, creation of 326 new jobs and will result in additional private investments totaling $49 million.
“Under the governor’s leadership, we’ve recently seen the largest increase in manufacturing jobs in over a decade and we’ve added almost 75,000 private sector jobs to our economy,” Walker said. “Continued support of our state’s manufacturers will result in even greater job growth for Pennsylvanians.”
In 2012, PIDA has approved $30.16 million in low-interest loans that have resulted in $115.2 million in private investment and supported 2,744 jobs.
PIDA provides capital for building acquisition, construction and renovation work, 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 economic development initiatives in Pennsylvania, visit www.newPA.com or call 1-866-466-3972.