PIDA approved three new loans

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The Pennsylvania Industrial Development Authority (PIDA) recently approved three new low-interest loans.

One of the loans is for Weaver Health Services in Bedford County through the Southern Alleghenies Planning and Development Commission. A $ 1.3 million loan was approved for the construction of an 11,520 square foot industrial facility.

The total cost of the project will be $ 3.5 million. The company will retain 38 permanent jobs.

In addition, HiMark Windows in Bucks County, through the Bucks County Economic Development Corporation, was approved for a $ 1 million loan for the purchase of machinery and equipment.

The total cost of the project will be $ 2 million, which will allow the company to expand production. It will retain 204 jobs.

Finally, Westmoreland County Quality Support received a US $ 579,072 loan through the Economic Growth Connection of Westmoreland to acquire industrial property located on 6.7 acres.

The total cost of the project will be $ 1.4 million, and over three years the company will retain 40 full-time employees and create 10 full-time jobs.

“PIDA funding provides valuable help to support growing businesses with varying costs associated with improving capabilities and efficiency so that they can continue to meet their customers’ demand and grow even further,” said Governor Tom Wolf. “Providing affordable resources to keep Commonwealth businesses and Pennsylvania residents running is a critical investment in the state’s economy.”

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