Battery Manufacturer, East Penn, Invests $50 Million To Expand Berks County, Pennsylvania, Production Campus
05/02/2013
The firm will expand its operations to produce batteries that will accommodate the company’s growth in strategic areas and markets. The expansion will result in the purchase of new equipment and employee training, while creating 400 new jobs within the next three years.
“Cooperation from the commonwealth demonstrates a strong commitment by the state government toward making Pennsylvania an economic leader. The expansion of this facility will help us continue to create jobs in Pennsylvania. This support also has a positive impact on the community, our suppliers, and the many customers we serve,” Dan Langdon, President of East Penn said.”
“My administration is committed to enacting policies that encourage employers like East Penn Manufacturing to continue growing and creating jobs in Pennsylvania,” Tom Corbett said. “As a result of our commitment, East Penn Manufacturing will add 400 jobs to the more than 6,000 they already employ in the commonwealth.”
The company received a funding offer from the Department of Community and Economic Development including a $500,000 Pennsylvania First Program grant, $800,000 in Job Creation Tax Credits, $180,000 in Guaranteed Free Training, and a $5,000,000 in a 10-year low-interest loan at 1.5 percent from the Machinery and Equipment Loan Fund.
In addition, the Pennsylvania Industrial Development Authority will provide a $6 million, 15-year low-interest loan at 1.5 percent to the Greater Berks Development Fund on behalf of East Penn.
“East Penn is a successful and entrepreneurial manufacturing company investing locally, adding more than 400 sustainable jobs,” Edward J. Swoyer Jr., President of the Greater Berks Development Fund said. “I couldn’t think of a better investment that aligns with the goals of the state’s and the county’s economic development programs.”
Project Announcements
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
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 CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
How to Overcome NIMBYism in Data Centers
Q2 2024