Reitnouer, Inc. Invests $4.5 Million To Establish Operations Center in Berks County, Pennsylvania
08/21/2013
“I remain committed to putting Pennsylvanians back to work by providing access to critical capital and making smart investments in Pennsylvania’s manufacturers,” Gov. Tom Corbett said. “Through the support of this relocation, Reitnouer will have the resources to continue to grow and create jobs in Berks County.”
The Pennsylvania Industrial Development Authority will provide a $1.5 million, 15-year, low-interest loan at 3.5 percent to the Greater Berks Development Fund on behalf of Reitnouer, Inc. The low-interest loan will allow the manufacturer to purchase and renovate an existing facility that will help address the company’s expansion efforts.
“As we continue to provide critical capital assistance to manufacturers, Pennsylvania’s employers have added more than 130,000 jobs to the private sector,” Corbett said.
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
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
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
Midwest becomes hotspot for semiconductor manufacturing and supply industries
Q2 2024