New Funding to Support Small Business Expansion in PA - Paycheck

New Funding to Support Small Business Expansion in PA

Governor Wolf just announced a new funding plan to support small business expansion and create jobs in three PA counties.

The four new low-interest loan programs through the Pennsylvania Industrial Development Authority (PIDA) are loans intended to provide for business expansion and job creation in Elk, Lancaster, and Northumberland counties.

So far in 2020 PIDA has approved $34,498,467 in low-interest loans which have led to $67,502,442 in private investment and supported retaining or creating 1,148 full-time jobs. 

The new projects approved are as follows:

  • Elk Life, LLC was given a low interest loan to buy a building so they can expand their retail business. Elk Life was established in 2018 by the owners of Benezette Wines in Benezette, Elk County. They have cool novelty and gift items purchased from local area businesses, coffee and specialty drinks, ice cream, donuts and other limited food items.
  • PAP Technologies, Inc. in Lancaster was also given a loan to expand their printing business and relocate all 44 existing full-time jobs to the new facility.
  • Tri-S Management, LLC, also in Lancaster, was given a loan to develop a new 16 acre industrial park.
  • Hidden Castle Banquets, LLC in Northumberland County was also given a loan to expand their banquet hall and increase their catering business parking lot

Let’s hope these loans continue to fuel the PA BouceBack!!!!

Thanks for reading! 

Have you seen our latest post about how the PA government is trying to help restaurants by giving out free liquor licenses or maybe the latest thoughts about the Coronavirus Vaccine?


Be sure to and connect on social media and share your thoughts because here at Paycheckology we are passionate about translating the media circus into what matter$

Related Articles

Female hunters on the rise in Wisconsin

January 20, 2021

The Wisconsin Department of Natural Resources reported a rising number of female hunters in the state

Read more

How Farmers View Incoming President Joe Biden

January 19, 2021

Are Pennsylvania farmers hopeful about the future with President Joe Biden coming into office?

Read more

Dairy Farmers Concerned About Industry With Incoming Administration

January 19, 2021

As President Donald Trump leaves office this week and the Biden-Harris administration comes in, the future of agriculture is up in the air.

Read more
Category Sidebar

Thanks for signing the pledge! Click here to share this on Facebook.