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Posted by: | Posted on: October 16, 2020

New Capital Funding Supports Job Creation, Business Expansion in Five PA Counties

first_img Infrastructure,  Jobs That Pay,  Press Release Harrisburg, PA – Today, Governor Tom Wolf announced new low-interest loan approvals through the Pennsylvania Industrial Development Authority (PIDA) for six businesses in five counties. The loans will enable the purchase, construction, and renovation of facilities and equipment. The funding will help create and retain 184 jobs across the commonwealth.“Pennsylvania has a strong, diverse network of businesses in critical sectors that drive our economy, like agri-processing and manufacturing, and the companies we’re investing in today represent the future of business in the commonwealth,” Governor Wolf said. “As we continue to make targeted, strategic investments in growing businesses, we are helping to ensure that our state’s workers, job creators, and local economies thrive.”The following loans were approved:Berks CountyPlum Creek Farm, LLC, an agri-processor, was approved for a $1 million, 15-year real estate loan at a 2 percent reset rate through the Greater Berks Development Fund for the construction of a new 12,000 sq. ft. building, providing expanded space for the production of ice cream, smoked meats and other prepared foods as well as an expanded market area for the sale of their goods and other local produce. The project will also allow the company to operate six days a week, year-round. The company is expected to create 20 full-time jobs within three years.Centre CountyAdvanced Powder Products, Inc., a metal injection molding manufacturer, was approved for a $1,863,795, 15-year real estate loan at a 2 percent reset rate through the Moshannon Valley Economic Development Partnership. The loan will enable the company to construct a new 27,000 sq. ft. manufacturing facility. The company is expected to retain 65 and create 15 full-time jobs within three years.Chester CountyGood Crop, Inc., an agri-processor and fruit juice manufacturer, was approved for a $800,000, 10-year machinery and equipment loan at a 3 percent rate through Chester County Economic Development Council. The loan will enable the company to purchase machinery and equipment to for the production and packaging of fruit juices at the company’s leased manufacturing space. Through this project, the company is expected to retain 12 and create 10 full-time jobs within three years.A Greener Tomorrow, Inc., a recycling company, was approved for a $400,000, 10-year real estate loan at a 2 percent reset rate through the Chester County Economic Development Council. Through the loan, the company will be able to acquire the real estate, including two warehouses totaling 8,160 sq. ft. and conduct environmental remediation of the project site. The company is expected to create eight full-time jobs within three years.Lancaster CountyGood Burrito Co., a fast-casual Tex-Mex restaurant, was approved for a $200,000, 15-year real estate loan at a 2 percent reset rate through EDC Finance Corporation to purchase its currently leased restaurant space, which includes four rental properties. This will enable the restaurant to realize rent savings while generating rental income. The company is expected to retain four full-time jobs through this project.Westmoreland CountyProduct Evaluation Systems, Inc., an industrial testing company, was approved for a $1,055,546, 15-year real estate loan at a 2 percent reset rate through the Economic Growth Connection of Westmoreland. The loan will enable the company to construct a 12,150 sq. ft. pre-engineered steel building with a connecting corridor to their existing facility, which will house their machine shop and specialized mechanical testing equipment, and provide needed office space. The company is expected to retain 42 and create eight full-time jobs within three years.So far in 2019, PIDA has approved $26,890,536 in low-interest loans that have resulted in $46,895,789 in private investment and supported 962 created and retained full-time jobs. This month’s meeting included the approval of six projects totaling more than $6 million in five counties.PIDA provides low-interest loans and lines of credit to Pennsylvania businesses that commit to creating and retaining full-time jobs within the commonwealth, as well as for the development of industrial parks and multi-tenant facilities. Loan applications are packaged and underwritten by a network of certified economic development organizations (CEDOs) that partner with PIDA. PIDA is currently offering interest rates between two and three percent for applications received by October 1, 2019.For more information about the Pennsylvania Industrial Development Authority and other DCED initiatives, visit dced.pa.gov. September 04, 2019 New Capital Funding Supports Job Creation, Business Expansion in Five PA Countiescenter_img SHARE Email Facebook Twitterlast_img read more

Posted by: | Posted on: September 27, 2020

John Hart gets it

first_imgWhy are you such an advocate for discipline?I am a great believer that discipline and standards underpin success in society across sport, business, families, and our schools. Children need boundaries. It’s become too easy to let kids do what they want to do rather than what they should do. If I have a concern it is that we have become too politically correct in New Zealand. We’ve got the best country in the world and I don’t think we understand how lucky we are and how good New Zealand is.http://www.nzherald.co.nz/entertainment/news/article.cfm?c_id=1501119&objectid=11132486last_img read more

Posted by: | Posted on: September 17, 2020

Struggling Trojans falter in Tucson

first_imgThe USC men’s basketball team found itself in unfamiliar territory on Thursday night, grabbing an early lead on the road against a Pac-12 foe that they maintained for more than 17 minutes.Free falling · Senior guard Andrew Strangis (above) and the Trojans have dropped 16 of their last 18 contests and only have one win in conference play. They will play two of their last three games at the Galen Center. – Chris Pham | Daily TrojanBut the Trojans (6-22, 1-14) were unable to hold off Arizona (20-9, 11-5), which finished the first half on a 12-0 run to take a 28-24 advantage into the break that the Wildcats later extended to a 70-54 victory.Sophomore guard Garrett Jackson was USC’s main source of offense in the first half, scoring 10 points and adding four rebounds. But he finished 3-13 and failed to register another basket. Freshman guard Byron Wesley, coming off a 16-point performance against UCLA, put together 18 points on 8-14 shooting and seven rebounds in 38 minutes of action. Sophomore guard Maurice Jones joined Jackson and Wesley in double figures with 10 points while playing the entire game.The Wildcats, meanwhile, recovered from a rough start to outscore their opponents 42-30 in the second half. The win was Arizona’s sixth in its last seven contests, keeping the Wildcats afloat in the Pac-12 race and as a possible at-large bid for the NCAA tournament.Guard Kyle Fogg led Arizona with 16 points and a career-high 12 rebounds, and guard Josiah Turner added 15 points off the bench. Forward Solomon Hill and guard Nick Johnson combined for 18 points. The Wildcats as a team shot 26-57 (45.6 percent), while USC finished 22-57 (38.6 percent).USC coach Kevin O’Neill utilized just seven players, a common theme for his injury-depleted team. USC dropped its sixth game in a row and its 18th game in 20 tries. At 6-22, the Trojans have set a school record for most losses in a season and will have to win at least two of their remaining three games (excluding the Pac-12 tournament) to avoid their worst record in terms of win-loss percentage.USC will finish out a two-game road trip against Arizona State (8-20, 4-12) on Saturday. The Sun Devils are one of three teams in the Pac-12 with a losing record overall, joining USC and Utah at the bottom of the conference standings. In the teams’ last matchup on Jan. 5, the Trojans fell to Arizona State 62-53 at the Galen Center. Tip off at Wells Fargo Arena is set for 5 p.m., and the game will be broadcast on Fox Sports Prime Ticket.last_img read more

Posted by: | Posted on: August 26, 2020

Clippers beat Spurs in game 7, 111-109, to move on in NBA playoffs

first_imgThe Los Angeles Clippers are moving on.The Clippers eliminated the defending NBA champions San Antonio Spurs from the playoffs with a 111-109 win in Game 7 of a first round series Saturday night at Staples Center.Chris Paul, playing in pain for most of the game, made the game-winning shot with one second left on clock. Paul led the Clippers in scoring with 27 points and added six assist. Blake Griffin had one of his best games in the series, finishing the night with 24 points, 13 rebounds and 10 assists. Tim Duncan led the Spurs in scoring with 27 points and also pulled down 11 rebounds. Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more