State Incentives Spark Expansion in Penn and Jackson Township, Pennsylvania
The company specializes in on-site growing, cleaning and packaging of leafy vegetables for immediate distribution and is a wholly-owned subsidiary of BrightFarms, Inc., a national provider of leafy vegetables.
According to the Pennsylvania Industrial Development Authority, PENN Greenhouse through SEDA – Council of Governments, was approved for a $2.25 million PIDA real estate loan at a 15-year, 0.75 percent reset interest rate and a $700,000 PIDA machinery and equipment loan at a 10-year, 1.75 percent fixed interest rate. The expansion will create 59 new jobs in three years and the total project cost is $19,967,312.
In another award from PIDA, Horst Signs, through the Lebanon Valley Economic Development Corporation, was approved for a $1,214,850 PIDA loan at a 15-year, 0.75 percent reset interest rate; the company will demolish a portion of an existing building, renovate of the remaining 18,653 square foot property, and add a 18,703-square-foot addition at its in Jackson Township campus. This will provide 37,454 square feet of newly renovated and constructed space for the well-established manufacturing business, IPDA officials said. The expansion will create four new jobs in three years and the total project cost is $2,462,515.
“Agriculture and manufacturing are two of our commonwealth’s proudest and strongest industries and they need our continued support as they grow and expand, especially now as our economy navigates a pandemic,” said Governor Tom Wolf. “These projects will bring major investments into central Pennsylvania, supporting local farming, processing, and distribution and a decades-old, locally-owned hand lettering sign business.”
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