The Pennsylvania Industrial Development Authority (PIDA) recently approved four new loans for projects in Elk, Lancaster, and Northumberland counties.
Through North Central PA Regional Planning & Development Commission, Elk Life in Elk County received a $150,000 loan. Funding will go toward the purchase of a 1,600-square-foot building. The company will relocate to the building that is within proximity to the Elk Country Visitor Center. The project will cost $301,439.
PAP Technologies in Lancaster County, through EDC Finance Corp., received a $1.5 million loan toward the purchase of 4.5 acres in East Hempfield Township. The company will relocate to this site early next year. The site contains 43,500-square-feet of light manufacturing, warehouse, and office space. The project will cost $2.9 million.
Tri-S Management in Lancaster County, also through EDC Finance Corporation, received a $1.9 million loan to build an industrial park in East Earl Township. Funding will be used to prepare the approximately 16 acres for development.
Hidden Castle Banquets in Northumberland County received a $75,000 loan. Funds will be used to purchase property in Coal Township and the construction of a parking lot to accommodate future business growth. The project will cost a total of $153,693 and create two full-time positions.