CryoConcepts Relocates-Plans Forks Township, Pennsylvania, Manufacturing Complex
01/06/2023
The company will move from its current 7,519-square-foot facility in Bethlehem to a 23,275-square-foot facility to consolidate operations.
“CryoConcepts is committed to expanding its manufacturing capabilities in the Lehigh Valley,” said Sam Niedbala, CEO of CryoConcepts. “The Governor’s Action Team helped us navigate to our new facility, along with support for training our expanding workforce. Because of their great support, we’ve been able to quickly ramp up to meet our production needs.”
As an incentive the company received a funding proposal from the Pennsylvania Department of Community and Economic Development for a $400,000 Pennsylvania Industrial Development Authority (PIDA) loan, a $183,000 Pennsylvania First grant and a $50,000 workforce development grant to train workers.
“I’m glad that DCED and the Governor’s Action Team could help get this project across the finish line and keep this manufacturing company here in Pennsylvania,” noted DCED Acting Secretary Neil Weaver. “CryoConcepts is a growing, trail-blazing company that will help bolster economic growth in the Lehigh Valley region.”
CryoConcepts, LP is a leader in cryo-based technologies that treat skin issues such as warts, skin tags, and hyperpigmentation. The company sells its products in over 44 countries.
“CryoConcepts is a cutting-edge company bringing innovation to the world of cryosurgical devices and procedures,” added Don Cunningham, President & CEO of the Lehigh Valley Economic Development Corporation (LVEDC). “We are grateful for the commonwealth’s investment in them and CryoConcepts decision to grow in the Lehigh Valley, where the region’s thriving life sciences sector is more than 170 businesses strong, many of them contributing to the region’s $8.4 billion manufacturing sector.”
Project Announcements
Walinga USA Expands Wayland, Michigan, Operations
12/01/2023
Amkor Technology Plans Peoria, Arizona, Advanced Packaging-Test Facility
12/01/2023
Dai Nippon Printing Plans Linwood, North Carolina, Lithium-ion Manufacturing Operations
11/29/2023
Axle Logistics Expands Knoxville, Tennessee, Operations
11/29/2023
EquipmentShare Establishes Moberly, Missouri, Operations
11/29/2023
IronLink Logistics Plans Ladson, South Carolina, Operations Hub
11/24/2023
Most Read
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The Rise of Mid-Size U.S. Cities: The Industrial Development Boom
Q3 2023
-
Front Line: Brownfields Offer Redevelopment Opportunities
Q4 2023
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023
-
2023 Top States Workforce Development Programs
Q3 2023
-
Immigration: A Potential Fix for Labor Shortages?
Workforce Q4 2023