Pennsylvania: Funding for Businesses in Bucks, Franklin, Luzerne

Pennsylvania: Funding for Businesses in Bucks, Franklin, Luzerne

Governor Wolf Announces Nearly $2.7 Million in Funding to Help Businesses in Bucks, Franklin, Luzerne Counties Grow and Create Jobs

Harrisburg, PA (STL.News) Governor Tom Wolf announced nearly $2.7 million in low-interest loans through the Pennsylvania Industrial Development Authority (PIDA) for three projects that will help companies in Bucks, Franklin, and Luzerne counties expand their operations, renovate facilities, and create jobs.

“Pennsylvania manufacturers drive our economy, providing critical goods, services, and jobs to consumers and workers across the commonwealth,” said Gov. Wolf.  “The funding approved today through PIDA will help businesses in three counties grow and improve their operations through additional space and more efficient equipment and processes.”

In 2021, PIDA has approved $10,352,200 in low-interest loans that have resulted in $18,422,110 in private investment and supported 335 created and retained full-time jobs.

The approved projects are as follows:

Bucks County
Harry J. Lawall and Son, Inc., a manufacturer of custom prosthetics and orthotics, through Bucks County Economic Development Corporation, was approved for a 15-year, $1.83 million PIDA real estate loan at a 1 percent reset rate to acquire and renovate a 38,276-square-foot manufacturing facility situated on 4.88 acres in Middletown Township. 

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Author: Publisher3