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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 Counties SHARE Email Facebook Twitter
IPL 2016: Kevin Pietersen’s injury can be a blessing in disguise for Rising Pune Supergiants, says MS Dhoni
Indian Premier League newbie Rising Pune Supergiants continued their dismal showing after they slumped to their third straight defeat on Friday.Breaking the pattern of chasing teams winning the matches this season, Mahendra Singh Dhoni’s men lost to Royal Challengers Bangalore by 13 runs at the Maharashtra Cricket Association Stadium in Pune. (Full IPL Coverage)Bangalore rode on their usual Virat Kohli-AB de Villiers blitz to post 185/3 on board against Pune, who opted to field first.Pune didn’t have the brightest of starts after losing Faf du Plessis early. Kevin Pietersen, who walked in at No. 3, was carried off the field after he hurt his calf muscle. (Points Table) RPS skipper Dhoni, in a desperate attempt to look for positives, said Pietersen’s injury could prove a blessing in disguise for the team stating that he now had the option of fielding an extra all-rounder.”KP’s injury can be a blessing in disguise. We’re playing with six bowlers, yet our death bowling isn’t great. Maybe we can look to bring in Albie Morkel or Mitch Marsh in the next game,” he said.Dhoni, who is struggling to lead his team past the line in this tournament, has been critical about his bowlers’ performances at the death. Dhoni has found it difficult to get the team combination right so far. Irfan Pathan, who bowled only one over in the last game, was benched and Rajat Bhatia took his place on Friday.”With the kind of players we’ve got, it has always been difficult to drop someone. We need to strengthen our bowling line a bit,” he said.advertisementHowever, Dhoni remained optimistic saying he was not fussed with the losing streak. “Not really fussed with these results. I personally feel, we have to improve in all three departments,” he said.Dhoni also backed leg-spinner Murugan Ashwin, who was taken to the cleaners by AB de Villiers on Friday. The Tamil Nadu leggie, who is No. 3 on the bowling charts with six wickets, leaked 29 runs in his 2 overs before being taken off the attack by Dhoni.”I feel overall with less pressure and a few more games, M Ashwin will get better,” he said.Meanwhile, winning skipper Kohli heaped praise on his partner in crime De Villiers, saying the South African was the best batsman of this generation. “AB is the best batsmen in our generation. It’s a pleasure to bat alongside him. The way he communicates, he’s a selfless person. He doesn’t care about his own plans, but help people around him. He’s a better human being than a batsman,” Kohli said.Kohli also seemed to be impressed with the showing of IPL debutant, mystery spinner Tabraiz Shamsi.The chinaman bowler snapped a 91-run threatening stand between Dhoni and Ajinkya Rahane. “Shamsi came in a bowled really well. One guy got out of the plane and knocked us out of the T20 World Cup. So, I told him you get off the plane and knock them out. He bowled really well,” Kohli said.