Search
Close this search box.

Shapiro Administration Funds Over $1.2 Million in PIDA Loans for Business Growth in Pennsylvania

The Shapiro Administration is allocating over $1.2 million in Pennsylvania Industrial Development Authority (PIDA) loans for business expansion in Franklin and Westmoreland counties, Pennsylvania. The funds will support two projects through low-interest loans aimed at creating 27 new full-time jobs and retaining 10 existing ones.

In Franklin County, J&J Pallet and Recycling, LLC will receive a $367,000 loan to purchase a 16,400-square-foot facility in the Cumberland Valley Business Park, Chambersburg. This facility will enable the company to maintain its 10 existing full-time jobs. The loan has a 10-year term with a 5% fixed interest rate, and the total project cost is $1,780,000.

Throughout 2024, PIDA has approved loans amounting to $11,628,160, leveraging $20,086,789 in private investment and aiding in the creation and retention of 387 full-time jobs.

Comments

Earl L. Crawford, Jr. 1937-2024

Earl worked for Goodyear Tire and Rubber Company for 30 years before going into business for himself at Crawford Tire from 1981 until 2019.

Dennis W. Flythe 1953-2024

Denny attended Greencastle Antrim High School and graduated from Delaware State University. He focused on providing for his family and creating a legacy.

Arnold W. Wagaman 1939-2024

Arnie was employed at Mack Truck as a quality control specialist until his retirement; a total of 39 years. In his free time, he enjoyed fishing and gardening.

Farm and Garden Penn State Extension

For the week of July 15, 2024 https://extension.psu.edu/franklin UPCOMING WEBINARS AND EVENTS: Penn State Extension is pleased to continue to provide quality education via a

Who We Are

The Franklin County Free Press, established by Vicky Taylor in 2019, emerged as a beacon of local journalism for the residents of Franklin County. Under Vicky's leadership, it quickly became an essential source of news, particularly at a time when major newspaper publications were increasingly overlooking local coverage.

On January 1, 2022, the torch was passed to Nathan Neil and his firm, Neil Publishing, LLC. Neil, a local entrepreneur with multiple thriving businesses in Chambersburg, shares Vicky's fervent commitment to both the community and the world of local journalism.

Rooted in the heart of Franklin County and powered by its residents, the Franklin County Free Press continues to bridge the gap, ensuring that the local stories, events, and issues that matter most to the community remain in the spotlight.