Hermance Machine Company Expands Manufacturing in Williamsport, Pennsylvania
10/31/2019
“This assistance, coordinated by the Governor’s Action Team, will allow for continued growth and employment opportunities at Hermance Machine Company,” said co-owner of Hermance Machine Company Claire Strouse. “Additionally, our local Innovative Manufacturers’ Center personnel Russ Lawrence and Brenda Holdren were instrumental in assisting us to prepare and qualify for this opportunity.”
Hermance Machine Company received a funding proposal from the Department of Community and Economic Development (DCED) for the project, which includes an $80,000 Pennsylvania First Grant, $40,000 in Job Creation Tax Credits to be distributed upon creation of new jobs, and a $16,200 workforce development grant to help the company train workers.
The company was also encouraged to apply for a $2,650,000 loan through the Pennsylvania Industrial Development Authority (PIDA). 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.
“I am pleased that Hermance Machine Company has decided to expand its operations in the city where it began,” said Governor Tom Wolf. “I look forward to the continued investments and opportunities that Hermance will bring to Lycoming County residents for years to come.”
According to state officials, Hermance has outgrown its current space and is exploring several real estate options to accommodate the expansion. The company also plans to add two new product lines, increase showroom/demo space and inventory, and make improvements to its online storefront. The company has pledged to invest $3.16 million into the project, and has committed to create at least 20 new, full-time jobs and retain 37 existing jobs over the next three years.
“Hermance Machine Company is committed to expanding and creating jobs in the commonwealth,” said Director of Innovation for Innovative Manufacturers’ Center Russ Lawrence. “The Governor’s Action Team’s support will significantly advance Hermance’s growth and ability to offer valuable technology solutions that will support the success of other area manufacturers.”
Project Announcements
Eastman Plans Longview, Texas, Production Operations
03/27/2024
DHL Supply Chain-Vantage Data Centers NV11 Plan Nevada Operations
03/26/2024
Big Jet Expands Pittsburgh, Pennsylvania, Operations
03/26/2024
Landmark Ceramics UST Expands Mt. Pleasant, Tennessee, Operations
03/25/2024
Google Plans Cedar Rapids, Iowa, Data Center
03/25/2024
Canada-Based Premier Tech Establishes Williamsport, Pennsylvania, Operations
03/25/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The Logistics Analysis That Drives Industrial Site Selection
Q4 2023
-
Manufacturing Momentum Is Building
Q1 2024
-
Technology’s Influence on Workforce Development
Workforce Q4 2023
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023
-
Industry in the Era of the Electron
Q1 2024