Pennsylvania Industrial Development Authority Loans To Spark Industrial Park Development In Blair And Erie Counties
06/27/2013
“My administration’s coordination with our regional economic development partners continues to develop and prepare industrial parks to bring new jobs to the state,” Gov. Tom Corbett said. “With continued growth in manufacturing and shale-related industries, counties with the established infrastructure are positioned to attract job creation to the region.”
The Altoona-Blair County Development Corporation will receive a $1.5 million PIDA loan to acquire and develop 144 acres in Greenfield Township to finish construction on the last of a series of industrial parks along the I-99 corridor. The company will invest more than $6 million on site development including roads, water and sewer, gas, electric lines, and excavation and grading additions.
Additionally, ABCDC will invest $250,000 to renovate an existing 38,000-square-foot facility in Altoona. PIDA will provide a $100,000 low-interest loan to ABCDC to replace the facilities roof with a fully adhered, white rubber roofing system.
The Greater Erie Industrial Development Corporation will acquire 29.76 acres in Harborcreek Township to develop a bulk transfer industrial site. The corporation will invest more than $2 million in the site that will be serviced by CSX Railroad and East Erie Commercial Railroad. PIDA will provide a $1.22 million low-interest loan to the EIDCO to support the project.
PIDA 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.
Project Announcements
AESC Expands Florence, South Carolina, Operations
03/28/2024
Alticor Expands Ada Township, Michigan, Operations
03/27/2024
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
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
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023