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
Lufthansa Technik Expands Tulsa, Oklahoma, Operations
02/10/2025
AGS America Expands Opelika, Alabama, Manufacturing Operations
02/10/2025
Italy-Based Serioplast Plans Shenandoah County, Virginia, Operations
02/09/2025
Flash Steelworks Expands St. Clair County, Michigan, Operations
02/09/2025
Coast Packing Company Establishes Amarillo, Texas, Operations
02/09/2025
CC Patio Establishes Phoenix, Arizona, Manufacturing Operations
02/09/2025
Most Read
-
2024's Leading Metro Locations: U.S. Cities on the Rise Amid an Economic Reshuffling
Q4 2024
-
The Workforce Factor: How States Are Competing to Build Tomorrow's Talent
Q4 2024
-
Best Practices in Incentives Procurement
Q4 2024
-
NEW NIMBYism: A Threat to The U.S. Economy
Q4 2024
-
Five Strategies to Tackle the Data Center Talent Shortage
Q4 2024
-
Microsoft-Three Mile Island Deal Could Signal Path for Nuclear Power to Strengthen Partnerships with Big Tech
Q4 2024
-
Industries Look for Employees in Nontraditional Spaces Amid Labor Shortage
Q4 2024