Governor Wolf Announces Small Business Expansions in Blair and Cumberland Counties
April 03, 2019
Harrisburg, PA – Governor Tom Wolf announced two new low-interest loan approvals through the Pennsylvania Industrial Development Authority (PIDA) program for DelGrosso Foods Inc. in Blair County and Commercial Flooring Professionals in Cumberland County. The funding will enable the expansion of both companies and help create and retain more than 115 jobs.
“This is great news for workers and families in Pennsylvania,” Governor Wolf said. “These companies have had great success over the years, and this new funding will help launch their products into the next level. We’re always proud to support small businesses because they are the backbone of our economy.”
In 2019 so far, PIDA has approved $7,483,000 in low-interest loans that have resulted in $16,149,685 in private investment and supported the creation and retention of 109 full-time jobs. This month, PIDA approved a total $2.2 million in low-interest loans to projects in Blair and Cumberland counties.
The following two loans were approved:
DelGrosso Foods Inc., a spaghetti and pizza sauce manufacturer, was approved for a $2 million, 15-year loan at a 2.5 percent rate through the Altoona-Blair County Development Corporation for the acquisition and renovation of a 160,220-square-foot manufacturing building in Antis Township. As the company is currently outgrowing the facility, the building will initially serve as warehousing space but will be transformed into a new production facility within two years. The project is expected to create nine full-time jobs and retain 104 over the next three years.
Commercial Flooring Professionals, Inc. (CFP), was approved for a $200,000, 15-year loan at a 3.5 percent rate through the Cumberland Area Economic Development Corporation for the acquisition and renovation of a 4,882-square-foot building in Lower Allen Township. The new building provides more showroom and warehouse space and will allow the company to expand and meet their growing demand. Renovations include a new showroom, exterior awnings, and a resurfaced parking lot. The project is expected to retain four full-time jobs.
PIDA is an independent authority staffed and regulated through the Department of Community and Economic Development. The authority provides capital for building acquisition, construction and renovation work, machinery, and equipment loans along with working capital lines of credit, primarily for manufacturers, industrial developers, research and development firms, agricultural processors, and employers looking to establish national or regional headquarters in Pennsylvania.