First Quality Baby Products will invest more than $25 million to expand its production facility in Lewistown, Pennsylvania
, with plans to create 150 new positions and retain 350 existing employees.
On its website the company said “This expansion will enable our Company to increase our manufacturing and warehousing capacity in our Absorbent Hygiene division.”
“By partnering with the private sector, we’re creating a stronger Pennsylvania where our economy is growing and people are finding jobs,” Governor Tom Corbett
said. “We are encouraging new growth by providing critical access to capital to support 150 new jobs in Mifflin County.”
As an incentive
, the Pennsylvania Industrial Development Authority will provide a $2,250,000, 15-year, low-interest loan at 2.25 percent to Mifflin County Industrial Development Corporation on behalf of First Quality Baby Products, LLC.
PIDA is an independent authority staffed and regulated through the Pennsylvania Department of Community and Economic Development. The Authority 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.
Last month, Governor Corbett announced that he has directed the Pennsylvania Department of Community and Economic Development
to reduce the interest rates a few of its business loan programs to encourage small business and manufacturing growth
and new job creation including PIDA loans.