Hermance Machine Company Expands Manufacturing in Williamsport, Pennsylvania
“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.”
Canada-Based Prepac Manufacturing Chooses Whitsett, North Carolina, for Furniture Factory
Dollar General Plans Walton, Kentucky Distribution Center and Bowling Green Cold Storage Hub
2019 Leading Metro Locations: Pacific and South-Atlantic Metros Dominate the List
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row
Site Selection 2020: The Importance of “Regional Depth” with Global Reach
A Heightened Focus on Reshoring
How are Uncertain Times Altering Company Location Strategies?
34th Annual Corporate Survey & the 16th Annual Consultants Survey