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Pennsylvania Industrial Development Authority approves development loans for seven companies

Pennsylvania Business Report Pennsylvania Industrial Development Authority approves development loans for seven companies © Shutterstock The Pennsylvania Industrial Development Authority (PIDA) recently approved more than $11 million in low-interest loans for seven companies in five counties to create and retain employees, grow operations, and improve facilities. DelGrosso Foods in Blair County, through Altoona-Blair County Development Corp., was approved for a $1.6 million loan. The company will renovate a vacant 160,220-square-foot building in Antis Township into a food manufacturing facility. The project is expected to cost $12.8 million, create 26 new jobs, and retain 113 positions. Flex-Cell Precision in Lancaster County, through EDC Finance Corp., was approved for a $1.5 million loan to expand its manufacturing facility from 17,500 to 41,010 square feet.

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