HARRISBURG, PA — The Pennsylvania Department of Community and Economic Development (DCED) has announced the approval of $1,658,836 in low-interest loans through the Pennsylvania Industrial Development Authority (PIDA), supporting manufacturing innovation, business expansion, and job creation across the state. These projects are expected to create 65 full-time jobs and retain 25 existing positions.
“Investments like these PIDA loans will help businesses grow, create new jobs, and support existing ones, while also helping our Commonwealth advance as a hub for manufacturing and innovation,” said DCED Secretary Rick Siger.
Key Projects
- Bedford County: Brumbaugh Mountain Welding, LLC, will receive a $200,000 loan at a 5% fixed interest rate to construct a new steel operating facility in New Enterprise. The $640,655 project, which also includes financing from Hometown Bank, will create two jobs and retain two more.
- Northampton County: iDEAL Semiconductor Devices Inc. in Bethlehem was approved for a $1,378,300 loan at a 2.5% fixed interest rate to acquire advanced equipment for its R&D facility. This initiative will create 63 jobs and retain 23 positions while advancing semiconductor manufacturing processes.
- Westmoreland County: The 730 East Pittsburgh Street Food Associates Limited Partnership will use an $80,536 loan at a 2% fixed interest rate to upgrade LED lighting in a Greensburg grocery store. This $107,382 project will lead to five new jobs within three years.
To date in 2025, PIDA has issued $17.8 million in loans, spurring $40.1 million in private investment, creating 116 jobs, and preserving 110 positions. This initiative continues Pennsylvania’s commitment to economic growth and job creation.
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