Pennsylvania Governor: $5.4 Million Funding for Businesses

Pennsylvania Governor: $5.4 Million Funding for Businesses

Governor Wolf Announces Nearly $5.4 Million in Funding to Businesses in Berks, Erie, Fayette Counties

Harrisburg, PA (STL.News) Pennsylvania Governor Tom Wolf announced nearly $5.4 million in low-interest loans through the Pennsylvania Industrial Development Authority (PIDA) that will help companies in Berks, Erie and Fayette counties create and retain jobs, expand their operations, and provide business services to their communities.

“It has never been more critical for Pennsylvania to invest in its businesses, both large and small, to help them improve and expand their operations,” said Gov. Wolf.  “The projects approved today will help four businesses grow in their communities, creating good jobs and providing new spaces to do business in the commonwealth.”

In 2021, PIDA has approved $1,285,776 in low-interest loans that have resulted in $1,401,777 in private investment and supported 63 created and retained full-time jobs.

The approved projects are as follows:

Berks County
The Greater Berks Development Fund was approved for a $750,000 15-year loan at a 1.75 percent fixed rate to acquire four parcels of land totaling 1.39 acres in Ontelaunee Township.  The four parcels will be combined with an adjacent 56.34-acre parcel, the project site of an industrial park project approved by the PIDA board in October 2019. 

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