Governor Wolf Announces New Approvals for Low-interest Loans to Support Five Small Business Projects

first_img September 06, 2017 SHARE Email Facebook Twitter Governor Wolf Announces New Approvals for Low-interest Loans to Support Five Small Business Projectscenter_img Economy,  Jobs That Pay,  Press Release Harrisburg, PA – Today, Governor Tom Wolf announced this month’s new low-interest loan approvals made by the Pennsylvania Industrial Development Authority (PIDA) program for five small business projects throughout the commonwealth.“The loans approved this month represent impactful investments in small businesses that together reveal the great economic diversity in Pennsylvania,” said Governor Wolf. “We continue to develop a strong business climate that embraces entrepreneurship in manufacturing, agriculture, logistics and other key economic sectors that together enable our communities to thrive.”Thus far in 2017, PIDA has approved $31.7 million in low-interest loans that have resulted in $149 million in private investment and supported 1,422 created and retained full-time jobs. Over the past month, PIDA approved a total of more than $2.6 million in fixed, low-interest loans to five projects in Bradford, Erie, Lancaster and Lehigh counties that will generate more than $7.6 million in matching capital investment.The following loans were approved during the past month:Bradford CountyMJ West Farm LLC was approved for a $400,000, 12-year term loan at a 2 percent fixed rate through Northern Tier Regional Planning and Development Commission to assist in the purchase of a 121-acre farm that includes a 29,750-square-foot hog finishing barn on Minnequa Main Road in Canton Township. The farm has an annual production total of more than 9,000 hogs through six growing cycles.Erie CountyGeorgeKo Industries, Inc. was approved for a $400,000, 15-year term loan at a 2 percent fixed rate through Enterprise Development Center of Erie County to assist in the acquisition of a 30,880-square-foot warehouse on West 17th Street in Millcreek Township to expand its company. GeorgeKo Industries, Inc. is a family-owned and operated custom injection molding manufacturer serving a variety of industries including automotive, medical, and construction. The company will retain 25 full-time employees and plans to create nine additional full-time jobs within three years.Logistics Plus Inc. was approved for a $386,500 15-year term loan and a $248,500 five-year term loan, both at a 2 percent fixed rate, through Enterprise Development Center of Erie County to assist in the renovation of an additional 25,968 square feet and acquisition of machinery and equipment on Peach Street in Erie. Logistics Plus Inc., established in Erie in 1996, has grown to become a leading worldwide provider of transportation, warehousing, logistics, and supply chain solutions. The additional space, which will help the company create a global control tower to better serve its clients, will result in the retention of 123 full-time jobs and the creation of 44 new full-time jobs within three years. Logistics Plus Inc. received a funding proposal from the Department of Community and Economic Development for $88,000 in Job Creation Tax Credits to be issued after the new jobs are created. The project was coordinated by the Governor’s Action Team, an experienced group of economic development professionals who report directly to the governor and work with businesses that are considering locating or expanding in Pennsylvania, with the assistance of the City of Erie’s Department of Economic and Community Development.Lancaster CountyNew Holland Transport Inc. was approved for a $1.025 million 15-year term loan at a 2 percent fixed rate through EDC Finance Corporation to assist with a real estate and construction project for a cold storage facility, truck shop, and truck storage shed on Muddy Creek Road in East Cocalico Township. Though the project, New Holland Transport Inc., a refrigerated transportation common carrier founded in 2000, will retain 25 current employees and create three additional full-time jobs within three years.Lehigh CountyJustin M. Strasser LLC was approved for a $218,250 15-year term loan at a 2 percent fixed rate through Lehigh’s Economic Advancement Project Inc. to assist in the acquisition of a 15,000-square-foot manufacturing facility for the Campbell and Strasser custom cabinetmaking business on Clewell Street in Fountain Hill. The company will retain six full-time employees and expects to create an addition four 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 dced.pa.gov.last_img read more

Timothy W. Lecher

first_imgTimothy W. Lecher, 64, passed away on Monday, December 2, 2019 at St. Francis Hospital in Indianapolis.Born, March 5, 1955 in Greensburg, he was the son of William J. and Martha (Hoeing) Lecher.Tim graduated from North Decatur High School in 1973.  He worked for a short time at Thurston’s Implements in Greensburg.  For about the last 40 years, Tim owned and operated Tim Lecher Farm Service.  He was a member of the Knights of Columbus in Greensburg.Tim married Kathleen A. Peters on April 9, 1975 and she survives.Besides his wife; Kathleen Lecher, Tim is survived by his son; Greggory (Stephanie) Lecher, Indianapolis, his daughter; Katrina (Michael) Cherry, Greensburg, four grandchildren; Ethan, Owen, and Eli Lecher and Evan Cherry, one brother; Raymond Lecher, Greensburg, two sisters; Katy (Steve) Schmidt, Greensburg, and Kathleen (Robin Darby) Lecher, Greensburg.He was preceded in death by his parents and one sister; Roseann Bowman.Visitation will be held from 4-8:00 p.m. Friday, December 6, 2019 at Porter-Oliger-Pearson Funeral Home in Greensburg with a rosary service starting at 3:30 p.m.Funeral Services will be held at 9:00 a.m. on Saturday, December 7, 2019 at St. Mary’s Catholic Church in Greensburg with Rev. John Meyer officiating.Burial will follow at the St. Mary’s Catholic Cemetery in Greensburg, Indiana.Memorials can be made to St. Mary’s Building Fund, St. Mary’s Cemetery, or the American Diabetes Association.Online condolences can be made to the family at www.popfuneralhome.comlast_img read more

UEFA Nations Cup: France fight back to sink battling Croatia

first_imgRelatedPosts Italy introduces compulsory virus testing for travellers from France Messi becomes football’s second billionaire + Top 10 Ronaldo scores 100th goal for Portugal France earned a rollercoaster 4-2 home win over Croatia in a top-tier Nations League Group 3 match on Tuesday with the outcome a carbon copy of their memorable clash in the 2018 World Cup final.France made it two wins out of two after their opening 1-0 victory at Sweden and stayed level on six points with Portugal, 2-0 winners at Sweden after a Cristiano Ronaldo brace boosted his international tally to 101 goals. In contrast, the Croatians suffered their second successive defeat after a 4-1 drubbing at European champions and Nations League holders Portugal.The Croatians took a 17th-minute lead through centre back Dejan Lovren, who beat home goalkeeper Hugo Lloris with a crisp left-foot shot after leaving Moussa Sissoko flat-footed with some neat ball control.Antoine Griezmann missed a sitter before sweeping home a 43rd-minute equaliser from a flowing move and France turned the tide with an own-goal by Croatia keeper Dominik Livakovic on the stroke of halftime.Anthony Martial, who made his first start for France since March 2018, scrambled a close-range effort on to the post and the ball trickled over the line after rebounding off Livakovic’s back.Halftime substitute Josip Brekalo levelled with a fine solo effort in the 55th minute, muscling his way past three defenders before he steered the ball past Lloris. France nosed ahead again 10 minutes later as defender Dayot Upamecano took advantage of static defending to head home a Griezmann corner.Olivier Giroud sealed the home side’s win with a 77th-minute penalty.Reuters/NAN.—Tags: 2018 World Cup finalCristiano RonaldoFrancelast_img read more