Governor Wolf: New Investments in Economic Development Projects will Benefit Five PA Counties

first_img Press Release Harrisburg, PA – Today, Governor Tom Wolf announced new low-interest loan approvals through the Pennsylvania Industrial Development Authority (PIDA) for eight businesses in five counties. The loans will enable the purchase, construction, and renovation of facilities and will help create and retain thousands of jobs across the commonwealth.“By making continued investments in projects across the commonwealth, we’re creating jobs, supporting businesses, and making Pennsylvania a better place to live and work every day,” said Gov. Wolf. “These projects will benefit both businesses and their surrounding communities, providing welcome economic boosts in these regions.”The following loans were approved:Berks CountyGreater Berks Development Fund was approved for two $2.25 million, 15-year PIDA loans at a 2.75 fixed interest rate to acquire a 66.29-acre parcel of land in Ontelaunee Township. The land was previously owned by F&G Family Farm, LP and used for agricultural purposes but has been rezoned industrial commercial. This project involves the acquisition of an adjacent tract of land totaling 56.34 acres to be known as the Ontelaunee Industrial Park II. Following the purchase of both tracts, the Greater Berks Development Fund will develop the more than 122 acres into two industrial parks. The parks will be located at the southeast corner of the intersection of Routes 61 and 73. The complete build out of the parks, estimated to take five to seven years, will result in over one million square feet of new manufacturing and warehouse space being created, and the creation of between 800 and 1,000 full time jobs.Blair CountyCurry Supply Holdings, Inc., a specialized custom service truck manufacturer, was approved for a $1.55 million, 15-year PIDA loan at a 1.75 percent reset rate through Altoona-Blair County Development Corporation for the renovation of a 34,000-square-foot building in downtown Altoona. Affiliate entity Curry Design, a manufacturer of vinyl exterior decals used in the automotive and trucking industry, will also move its operations to the new Altoona location. The total project cost is $4,029,510. Curry Supply Holdings and Curry Design are expected to retain 30 full-time jobs and create 10 full-time jobs within three years.Clarion CountySiegel Insurance, Inc., an independent insurance agency, was approved for a $591,100, 15-year PIDA loan at a 1.75 percent reset rate through Northwest Pennsylvania Regional Planning & Development Commission to assist in the construction of a new 6,980-square-foot office building in Paint Township. The project will allow for significant improvements in efficiency and help the company to pursue its growth initiatives. The total project cost is $1,182,200. The company is expected to retain 23 full-time jobs and create two full-time jobs within three years.Lancaster CountyPod 1 at Rock Lititz LLC was approved for a $2 million, 15-year PIDA loan at a 1.75 percent reset rate through EDC Finance Corporation to construct a 113,110-square-foot single tenant building in Warwick Township. Pod 1 will be the fourth condo developed on the Rock Lititz campus and will contain two stand-alone buildings including a 113,110-square-foot flex space built for a specific tenant, Clair Global Corp., as well as a 61,977-square-foot multi-tenant building which will include the campus’s third rehearsal studio. While the overall project budget includes the construction of two stand-alone buildings, the PIDA loan proceeds will be used solely for the construction of the single tenant building which will be fully occupied by Clair Global Corp. The total project cost is $24,360,649 with additional funding from a $3,967,207 Building PA loan. Clair Global Corp. will retain 100 full-time jobs as a result of this project.Pod 5 at Rock Lititz LLC was approved for a $2.25 million, 15-year PIDA loan at a 1.75 percent reset rate through EDC Finance Corporation to construct a 140,625-square-foot multi-occupancy building in Warwick Township. Pod 5 will be the fifth condo developed on the Rock Lititz campus and it will contain a multi-occupancy building that will be at least 78 percent pre-leased prior to construction. It is anticipated that 75 full-time jobs will occupy the facility once fully leased. The total project cost is $13,227,393 with additional funding coming from a $2,284,000 Building PA loan.Phillips Graphic Finishing, LLC, a print finishing and bindery operation, was approved for a $1.28 million, 10-year PIDA loan at a 2.75 percent fixed rate through EDC Finance Corporation to assist with the purchase of its currently leased facility in Rapho Township. The company currently operates in the 55,000-square-foot building, and it purchase will allow the company to realize annual rent savings. The total project cost is $3,200,000. The company will retain 54 current full-time employees.Northampton CountyTyber Medical, LLC, a private label orthopedic device company was approved for a $400,000, 10-year PIDA loan at a 2.75 percent fixed rate through Lehigh Valley Economic Investment Corporation to purchase machinery and equipment to be used at its new 35,000-square-foot leased manufacturing facility in Hanover Township. The new facility, adjacent to the current facility, will allow the company to begin the process of bringing manufacturing and packaging in-house to achieve greater control of its supply chain and quality control. The total project cost is $800,000. In June, Gov. Wolf announced that Tyber Medical would expand its manufacturing operation. The company plans to invest $3.8 million into the project, which is expected to create 44 new, full-time jobs and retain 35 existing jobs over the next three years.PIDA provides low-interest loans and lines of credit to Pennsylvania businesses that commit to creating and retaining full-time jobs within the commonwealth, as well as for the development of industrial parks and multi-tenant facilities. Loan applications are packaged and underwritten by a network of certified economic development organizations (CEDOs) that partner with PIDA. PIDA is currently offering interest rates between 1.75 and 2.75 percent for applications received by December 31, 2019.So far in 2019, PIDA has approved $34,896,080 in low-interest loans that have resulted in $56,040,740 in private investment and supported 1,145 created and retained full-time jobs. This month’s meeting included the approval of eight projects totaling more than $12 million in five counties.For more information about the Pennsylvania Industrial Development Authority and other DCED initiatives, visit dced.pa.gov. Governor Wolf: New Investments in Economic Development Projects will Benefit Five PA Counties October 09, 2019center_img SHARE Email Facebook Twitterlast_img read more

See More

MerryMart gets SEC approval for P1.6B IPO

first_imgIn preparation for its rapid growth,MerryMart recently went gone live on its SAP ERP system. It will also soon beavailable in both online and offline channels. “Our family initially had no plans toexpand the retail business, but our recent experiences made us realize the needfor us to be in the modern retail business, and we believe we will be in itwhile the transition from traditional retail to modern retail is still ongoing.Moreover there are undeniable synergies between the real estate and retailbusinesses. I will be glad to see both DoubleDragon and MerryMart to soon growhand in hand and become formidable companies that will significantly contributein building our nation,” Sia added. MerryMart also expects to set upseveral MerryMart warehouses and distribution centers to support the MerryMartbranches around the country and intends to locate these in DoubleDragon’sCentralHub warehouse complexes. MerryMart Group will focus on sunriseconsumer-related businesses in the long term as the company has full confidencein the long term prospects of the Philippines./PN The smallest format, MerryMart Store,is a household essential store concept that combines Grocery + Personal Care +Pharmacy. The 3-in-1 innovation and expansion through franchising is expectedto bring in operational efficiencies and enable MerryMart to rapidly scale upand build up durable competitive advantage. The MerryMart expansion is seen tocreate over 15,000 new jobs for the Filipino workforce in the near term, andexpected to exceed 50,000 system-wide workforce by 2030. The Philippine economyis expected to fully benefit from MerryMart being a local Filipino homegrownbrand. MerryMart aims to maintain its growthmomentum to reach 600 branches by 2025 and 1,200 branches by 2030. MerryMart plans the development of thecompany brand through company-owned stores, as well as opening it for franchiseto the public. According to the business tycoon, “Ourteam will strive hard to make MerryMart become one of the Top 3 consumercompanies in the Philippines by 2030.” MerryMart will serve as a platform forthe existing local and traditional groceries to convert and be part of a modernbranded retail chain network while retaining ownership of the store as afranchisee of MerryMart. center_img Being part of the MerryMart networkwill enable the current traditional retailers to future-proof themselves andkeep them relevant for the next many decades and also enable them to bridge theongoing shift from traditional retail to modern retail. This shift isinevitable when a developing country evolves to eventually become a first worldcountry. The MerryMart Group has sevenoperating branches as of February 2020 and currently has 13 more branches undersimultaneous construction. MerryMart has set its 12-12-12 Vision2030 with the goal of rolling out a total of 1,200 branches nationwide. It aimsto reach P120 billion in system-wide sales revenue. It aims to cover all the groceryretail categories from small, medium and large retail formats namely: MerryMartStore, MerryMart Market and MerryMart Grocery. The 100th branch is expected to openby the fourth quarter of 2021 next year. ON March 11, MerryMart Consumer Corp.received a pre-effective approval from the Securities and Exchange Commission(SEC) for its Initial Public Offering (IPO) for a primary offer of1,594,936,709 shares at up to P1 per share. “We would like to take advantage ofour group’s knowhow in franchising, and our familiarity of the Philippinemarket terrain, just like in the rollout of Mang Inasal, CityMall, Hotel 101and CentralHub network. We believe this step will further strengthen the marketgrip of all the industries that our group is involved in,” said Edgar “Injap”Sia II. Franchising also creates businessopportunities for many budding entrepreneurs.last_img read more

See More

Roundup

first_imgThe following incidents were reported in the USC Dept. of Public Safety incident summary for Monday, March 26.View Roundup 03-28 in a larger mapMiscellaneous incidentsat 5:44 p.m., a student on Orchard Avenue reported that someone has been dumping garbage on the back porch of her apartment for several weeks and a subsequent investigation by DPS officers revealed that another student who lives in a neighboring apartment was responsible. The officers counseled the student about his behavior and he agreed to stop.at 11:30 a.m., DPS officers responded to two staff members who reported that they spilled radioactive material on their clothing at the USC Endocrine Laboratory. The staff members changed out of the affected clothing and cleaned up the spill before the officers arrived and a radiation safety specialist who responded to the scene determined that there was no safety hazard. The specialist took custody of the contaminated clothing for disposal and the staff members returned to work.last_img read more

See More

Dan Straily will choose from 3 AL teams that will guarantee rotation spot, report says

first_imgHe will weigh his options over the next week or two and decide where he will sign after that. Other suitors could still emerge as well.Dan Straily has MLB offers and rotation spots assured with 3 AL teams and will take a week or two to decide which one to take (or another one that may surface in the interim). The Marlins let him go on the eve of the season.— Jon Heyman (@JonHeyman) March 29, 2019MORE: Watch ‘ChangeUp,’ a new MLB live whip-around show on DAZN Dan Straily has options.The 30-year-old starting pitcher has a guaranteed rotation spot from at least three American League teams, according to Fancred Sports. Straily was released by the Marlins on Monday just before the start of the regular season.He went 5-6 with a 4.12 ERA in 23 starts for Miami last season and has been remarkably consistent since coming into MLB in 2012.He is 42-36 with a 4.23 ERA in 142 career games (132 starts).last_img read more

See More

Sumner County Sheriff weekly jail bookings: June 20-27, 2016

first_imgPhillips, Joseph M.18Clearwater, KS200 W. 4th, Belle Plaine, KSBPPDDriving under influence, Possession of Opiates, Use/possess drug  paraphernalia6/25/16 Nasworthy, Kelsey N.24Oxford, KS1693 E. 80th St., Oxford, KSSUSOIgnition interlock device/Failure to yield;Interference with LEO; Attempted driving while license cancelled6/20/16 Goldring, Steven D49Wichita, KSSedgwick County JailSGSOAggravated Buglary; Theft of property6/24/16 Grayson, Cleveland Jr.47Wichita, KS610 E. Hillside, Wellington, KSSUSOServing Sentence6/20/16 Black, Alfred L. Jr.40Wellington, KS501 N. Washington, Wellington, KSSUSOProbation Violation6/21/16 Childers, Rusty L.37Wichita, KSSedgwick County JailSGSOFailure to Appear6/24/16 Ledbetter, Darien S.22Wellington, KS610 E. Hillside, Wellington, KSSUSOServing Sentence6/22/16 Schoen, Cody J.34Wichita, KSEl Dorado Prison, El Dorado, KSSUSOProbation Violation6/22/16 Matthews, Aaron W.27Mulvane, KS1467 N. Easy Rd., Mulvane, KSSUSOCriminal Threat; Crim damage to property6/21/16 Holt, William L.32Wichita, KS1-35 MP 25.7, Wellington, KSKHPCriminal Damage to Property; Battery6/21/16 Johnston, James D.66Wichita, KSSedgwick County JailSGSOFailure to Appear6/22/16 White, Roger W.30Arkansas City, KSRadio Ln and 8th St., Arkansas City, KSMPDFailure to Appear6/22/16 Spaulding, Robert A.24Wichita, KSS 1-35 MM16, Wellington, KSKHPDriving while license cancelled6/21/16 Mabrey, Ryan P,40Neosho, MO300 Block of W US160, Wellington, KSKHPProbation Violation6/26/16 Rapier, Stephen L.67Peck, KS610 E. Hillside, Wellington, KSSUSOTheft of property; Deceptive commercial practice6/22/16 Cook, Rachel E.26Wellington, KS1030 W. College St., Wellington, KSWPDDomestic Battery6/22/16 Villarreal, Zion42Kearney, NBS 1-35 MM 5, South Haven, KSKHPDriving under influence, Operate4 a motor vehicle without valid license6/25/16 Stewart, Caleb D.28Wellington, KS2022 E. 16th, Wellington, KSWPDCriminal Trespass6/26/16 Slack, Keith E.48Wellington, KS129 S. Glendale Rd, Wellington, KSSUSOBattery6/23/16 Garmon, Lindsey A.31Wellington, KS2022 E. 16th, Wellington, KSWPDTheft6/20/16         Rivas, Gabriel Jr.35Wichita, KSSedgwick County JailSUSOProbation Violation6/23/16 NAMEAGEHOMETOWNLOCATION OF ARRESTAGENCYCHARGESARREST DATE Deluna, Alexia19Fort Worth, TXI-35 MP 10KHPFailure to Appear6/23/16 Mejia, Jose R.29Belle Plaine, KS419 N. Logan, Belle Plaine, KSBPPDRape; Sexual intercourse with physically powerless victim; Eavesdropping; Install/use concealed camcorder without consent6/22/16 Herbst, Ruston W.48Enid, OK401 S. Main, Argonia, KSSUSOFailure to Appear6/24/16 Asbury, Christopher A22Wellington, KS501 N. Washington, Wellington, KSSUSOProbation Violation6/21/16 Sumner Newscow report — The Sumner County Sheriff Office report for June 20 to June 27, 2016 weekly jail bookings are as follows: Pettegrew, Tanya41Arkansas City, KS501 N. Washington, Wellington, KSSUSOServing Sentence6/24/16 Chappell, Charles V.33Wellington, KS918 N. Washington, Wellington, KSSUSOProbation Violation6/24/16 Banister, Monty J.18Wellington, KS800 E. 90th, Belle Plaine, KSSUSODriving while license cancelled6/25/16 Smithson, Ryan J.40Augusta, KSHutchinson, Correctional FacilitySUSOFailure to Appear6/22/16 Chisholm, Kylee J.23Wellington, KS102 W. Apple Blossom, Wellington, KSWPDFailure to Appear6/24/16 Gurley, Aaron T.28Wellington, KS224 S. Jefferson, Wellington, KSWPDFailure to Appear6/25/16 Cook, Ashton L.24Wichita, KSChase County JailSUSOProbation Violation6/23/16 Tran, Hoa V.53Wichita, KS400 Blk. W. Main, Oxford, KSOxford PDViolate Protection Order6/26/16 Monday 0600  to  Monday 0600  WEEKLY   BOOKINGS 6/20/2016 thru 6/27/2016  Harrison, Evan C.19Wichita, KS1300 K15, Mulvane, KSSUSODriving while license cancelled; Failure to appear; Probation Violation6/23/16 Jackson, Joseph S.37Wellington, KS610 E. Hillside, Wellington, KSSUSOServing Sentence6/25/16 Davis, Isaac L.24Anthony, KS100 W. US HWY, Wellington, KSSUSODriving While Suspended6/26/16 Follow us on Facebook.Follow us on Twitter.last_img read more

See More