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

Jobs
Mapping & GIS Sales Rep for California Surveying & Drafting Supply at Sacramento, CA
Architectural Designer for Champion Home Builders at Troy, MI
Analyst Programmer for Palm Beach County at West Palm Beach, FL
Upcoming Events
ATE SOLIDWORKS Innovation Day 2017 at LIFELONG LEARNING INSTITUTE LEVEL 2 @ 11 EUNOS ROAD 8 SINGAPORE Singapore - Oct 5, 2017
Additive Manufacturing Conference 2017 at Knoxville Convention Center 701 Henley Street Knoxville TN - Oct 10 - 12, 2017
ASSESS 2017 CONGRESS at Bolger Center Potomac MD - Nov 1 - 3, 2017
FABTECH 2017 at McCormick Place Chicago IL - Nov 6 - 9, 2017
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