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$50M expansion at East Penn Manufacturing to add 400 jobs
Stacy Wescoe//May 2, 2013
The expansion is expected to add 400 new jobs to the 6,000 the company already employs.
According to Gov. Tom Corbett, the company received a funding offer from the Department of Community and Economic Development, including a $500,000 Pennsylvania First Program grant, $800,000 in job creation tax credits, $180,000 in guaranteed free training and $5 million in a 10-year low-interest loan at 1.5 percent from the Machinery and Equipment Loan Fund.
In addition, the Pennsylvania Industrial Development Authority will provide a $6 million, 15-year low-interest loan at 1.5 percent to the Greater Berks Development Fund on behalf of East Penn.
“Cooperation from the commonwealth demonstrates a strong commitment by the state government toward making Pennsylvania an economic leader,” Dan Langdon, president of East Penn, said in a statement. “The expansion of this facility will help us continue to create jobs in Pennsylvania. This support also has a positive impact on the community, our suppliers and the many customers we serve.”
