SDC Nutrition Invests $1.57 Million To Expand Its Allegheny County, Pennsylvania, Production Facility
03/12/2014
The firm will renovate a building in Findlay Township, 24 miles away from its current site. The company will invest more than $1.57 million in the project that is expected to create 20 new positions and retain 25 existing employees.
As an incentive, The Pennsylvania Industrial Development Authority will provide a $785,000, 15-year, low-interest loan at 2.25 percent to Regional Industrial Development Corporation on behalf of SDC Nutrition.
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.
“Small businesses and manufacturers continue to be drivers of Pennsylvania’s economic growth,” said Governor Tom Corbett. “We’re already beginning to see the successes of the interest rate reduction of some of our business loan programs and today we’re seeing that success in Allegheny County.”
In addition, Governor Corbett recently announced that he has directed the Pennsylvania Department of Community and Economic Development to reduce the interest rates of four of its business loan programs to 1.75 percent to encourage small business and manufacturing growth and new job creation. The PIDA board also reduced its interest rates to 2.25 percent at its February meeting.
Project Announcements
Little Leaf Farms Plans Coffee County, Tennessee, Production Operations
07/02/2025
White Rock Truss & Components Expands Lee County, Virginia, Operations
07/02/2025
Fox Tank Company Plans Coshocton, Ohio, Operations
07/02/2025
Ascentek Expands Shreveport, Louisiana, Operations
07/02/2025
ProBio Establishes Hopewell, New Jersey, Gene Therapy Operations
07/02/2025
22nd Century Technologies Expands Fairfax County, Virginia, Headquarters Operations
07/02/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024