Pennsylvania Governor Corbett Announces Manufacturing Expansion in Berks County

HARRISBURG, Pa., July 9, 2013 — (PRNewswire) — Governor Tom Corbett today announced that Prizer-Painter Stove Works, Inc. will move forward with its plan to construct a new building, which is projected to support the creation of 29 jobs and the retention of 87 positions in Berks County.

"Supporting the growth of our manufacturers is helping to ensure there is a job available for every Pennsylvanian who wants one," Corbett said. "The low-interest loan approved for Prizer-Painter will provide critical resources to support their expansion and create 29 new jobs for the region's workers."

Prizer-Painter, a manufacturer of high-end residential and commercial cooking ranges and ventilation equipment, will construct a 42,000-square-foot office building in the city of Reading. The company will invest more than $3 million in the project.

The Pennsylvania Industrial Development Authority (PIDA) will provide a $1,827,000, 15-year low-interest loan at 1.5 percent to the Greater Berks Development Fund on behalf of Prizer-Painter.

"Keeping my administration's commitment to moving Pennsylvania's economy forward continues to send a strong message that Pennsylvania is serious about job creation," Corbett said. "As a result, the state's unemployment rate has declined for four consecutive months, dropping below the national average to 7.5 percent."

In 2013, PIDA has approved $40.6 million in low-interest loans that have resulted in $70.3 million in private investment and supported 9,500 jobs.

PIDA provides capital for building acquisition, construction and renovation work, 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 the Department of Community and Economic Development and other job creation initiatives in Pennsylvania, visit www.newPA.com, follow us on twitter @newPAnews, or call 1-866-466-3972.

Media contact: Lyndsay Frank, 717-783-1132

SOURCE Pennsylvania Office of the Governor

Contact:
Pennsylvania Office of the Governor
Web: http://www.governor.state.pa.us




Review Article Be the first to review this article
Rand3D

Featured Video
Jobs
Currently No Featured Jobs
Upcoming Events
Design for Metal Additive Manufacturing Short Course at Revere Hotel Boston Common 200 Stuart St Boston MA - Nov 27 - 28, 2017
IMTS2018 International Manufacturing Tech Show at McCormick Place Chicago IL - Sep 10 - 15, 2018
Kenesto: 30 day trial
SolidCAM: MC SolidCARE Upgrades
MasterCAM



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise