Navigation Links
Governor Rendell: New State Investments Bear Fruit in Adams County; Help Pharmaceutical Company Expand in Philadelphia
Date:12/3/2009

HARRISBURG, Pa., Dec. 3 /PRNewswire-USNewswire/ -- New state investments will help an Adams County apple processing company build a new cold storage facility and help a Philadelphia pharmaceutical distributor expand operations while creating at least 20 jobs, Governor Edward G. Rendell announced today.

The Pennsylvania Industrial Development Authority yesterday approved more than $2.9 million for three projects. The investments, in the form of low-interest loans, will leverage $8.2 million in private investments and advance projects in Adams, Bucks and Philadelphia counties.

"Small business owners are making capital investments in order to grow and expand their businesses," said Governor Rendell. "These new state investments serve as a catalyst to leverage those private investments, and to support job retention and creation that directly benefit our people and our communities. These kinds of investments are more important than ever if Pennsylvania is to emerge from this recession even stronger than it was before."

One of the approved projects was a $1.5 million, 15-year, 3 percent loan to Adams County Economic Development Corp., on behalf of Bream & Bear Operating Co., for a new $5.2 million, state-of-the-art cold storage facility on 29 acres in Butler Township. The new 37,000-square-foot facility will help the company create three new positions and retain 54 full-time and 30 part-time employees. Bream & Bear grows, stores and processes apples.

The PIDA board also approved:

Bucks County-based Patch Management Inc., which tests and improves asphalt mixes for road pothole repairs, will receive a $400,000, 15-year loan at 3.25 percent to acquire and renovate an 11,160-square-foot building in Falls Township. The $1 million project will allow the company to relocate its 15 existing employees to a new facility and is expected to create an additional 10 new jobs. The Bucks County Economic Development Corp. is the sponsoring agency.

Dixon-Shane LLC, a national wholesaler and distributor of brand name and generic pharmaceuticals and other healthcare products, will receive a $1 million loan at 3 percent to renovate a newly acquired 32,930-square-foot facility in northeast Philadelphia. The $2 million project, sponsored by the Philadelphia Industrial Development Corporation, will relocate the company's 23-employee staff and create an additional 8 new jobs within the next three years.

PIDA provides capital for infrastructure acquisition, creation and renovation, primarily for manufacturers, industrial developers, research and development firms, agricultural processors and employers looking to establish national or regional headquarters in Pennsylvania.

For more information about economic development initiatives in Pennsylvania, call 1-866-466-3972 or visit www.newpa.com.


Media contacts:
Theresa Elliott, DCED; 717-783-1132
Gary Tuma, Governor's Office; 717-783-1116

SOURCE Pennsylvania Office of the Governor


'/>"/>
SOURCE Pennsylvania Office of the Governor
Copyright©2009 PR Newswire.
All rights reserved

Related medicine technology :

1. California Legislature Passes Historic HIV Testing Bill (AB 682); AHF Urges Governor to Sign Crucial Lifesaving Legislation
2. Governor Rendell Says Hundreds of Jobs Coming to York County as Medical Device Manufacturer Prepares to Expand
3. EDAP Announces Launch of Clinical Study Combining HIFU and Chemotherapy for Localized Aggressive High Risk Prostate Cancer
4. Romark Initiates Clinical Trial of Alinia(R) for Chronic Hepatitis C in the United States
5. Use it or Lose it: A New Theory About Preserving Erectile Function After Prostate Surgery
6. Gene Fusion Subtypes in Prostate Carcinoma Have Clinical Implications
7. EDAP Announces Launch of Clinical Study Combining HIFU and Chemotherapy for Localized Aggressive High Risk Prostate Cancer
8. Quark Pharmaceuticals Extends Research Agreement with State University of New York for Proprietary siRNA Compounds for Acute Hearing Loss
9. Peregrine Reports Data Showing Bavituximabs Potential to Shrink Prostate Tumors
10. Peregrine Researchers Report Data Showing Bavituximabs Potential to Shrink Human Prostate Tumors in Model of Relapsed Disease
11. Statement by KCP Chairman Dr. Edward Jones in Response to FDA Advisory Committee on Benefits and Risks of Erythropoietin-Stimulating Agents in Treatment of Kidney Patients
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/10/2016)... , Feb. 10, 2016  Resolve Therapeutics, ... transformative new approaches to the treatment of lupus ... of a multiple ascending dose study in patients ... compound RSLV-132. --> ... placebo-controlled multiple ascending dose study of RSLV-132 in ...
(Date:2/10/2016)...  Rich Pharmaceuticals, Inc. (OTC Markets: RCHA) ("Rich Pharmaceuticals" ... of its issued and outstanding shares of common stock ... 11, 2016. The Company,s common stock will trade on ... temporary ticker symbol "RCHAD". After 20 trading days, the ... (RCHA).  --> --> ...
(Date:2/10/2016)... , Feb. 10, 2016  The Baylor ... received an in-kind gift from ... VeinViewer® Vision vein finder for the nursing ... students as they learn how to start ... with traditional technique. ...
Breaking Medicine Technology:
(Date:2/10/2016)... (PRWEB) , ... February 10, 2016 , ... Gout is ... and brings pain that is often severe, with intense swelling and redness. It is ... eight million people, but older adults are the most susceptible, according to the February ...
(Date:2/10/2016)... ... , ... AHRA: The Association for Medical Imaging Management announced ... serve as keynote speaker at the organization’s 2016 Spring Conference. Fox’s topic, Lead ... communicate with their own organizational staff and leadership. , “I am so ...
(Date:2/10/2016)... ... February 10, 2016 , ... A national ergonomics ... and Expo event March 9-11, 2016. Hosted by Ohio's Bureau of Worker's Compensation, ... As the longest running and largest worker's compensation event in Ohio, organizers of ...
(Date:2/10/2016)... ... February 10, 2016 , ... IDEX ... accessories. These PEEK-lined stainless steel (PLS) columns combine the strength of traditional stainless ... the integrity of biological samples while operating at ultra-high pressures of 20,000 psi. ...
(Date:2/10/2016)... ... February 10, 2016 , ... Workrite Ergonomics, who is celebrating ... evolved from humble beginnings to being an internationally recognized leader in their industry. , ... today”, said Charlie Lawrence, President of Workrite. “Workrite recognized the importance of good ...
Breaking Medicine News(10 mins):