News

Spartan Motors gets state assistance for $2.4M upgrade of Ephrata plant that makes truck bodies

Article featured on LancasterOnline.

Spartan Motors will get $678,000 in state grants and tax credits for an upgrade of its Ephrata plant that is expected to create 186 jobs over the next three years.

The company is investing $2.4 million at the former Ladder Tower plant at 64 Cocalico Creek Road where it will make truck bodies […]

Published on May 24th, 2018|

Spartan awarded grant, tax credits for Ephrata expansion

Article featured on Trailer Body Builders.

Spartan Motors, which designs and manufactures specialty chassis and vehicle bodies, recently accepted a grant and tax-credit package worth $678,000 for its Ephrata PA plant expansion and long-term job growth initiatives.

The award, from the Commonwealth of Pennsylvania, follows a $214 million United States Postal Service (USPS) contract to build more […]

Published on May 23rd, 2018|

State to help fund Ephrata manufacturer’s $2.4M expansion

Article featured on Central Penn Business Journal.

More than $600,000 in state funds will help Spartan Motors Inc. expand its truck-body manufacturing facility in Ephrata to handle incoming work from the U.S. Postal Service.

The $2.4 million expansion project is expected to create some 189 new full-time jobs over the next three years, according to a press […]

Published on May 22nd, 2018|

Spartan Motors Receives Grant for Job Creation

Article featured on PR Newswire.

EPHRATA, Pa., May 17, 2018 /PRNewswire/ — Spartan Motors, Inc. (NASDAQ: SPAR) (“Spartan” or the “Company”), a global leader in specialty chassis and vehicle design, manufacturing and assembly, today announced its acceptance of a grant and tax credit award package which initially totals $678,000 from the Commonwealth of Pennsylvania for its […]

Published on May 21st, 2018|

Governor Wolf Announces Spartan Motors Selects Lancaster as the Best Place to Support its Major Manufacturing Expansion Project

Article featured on governor.pa.gov.

Harrisburg, PA – Today, Governor Tom Wolf announced Spartan Motors, Inc., will be leveraging the highly skilled workforce of Ephrata, Lancaster County, by expanding and creating nearly 200 new jobs at its truck body manufacturing facility.

“Spartan’s decision to expand right here in Pennsylvania demonstrates the strength of our manufacturing sector, which has […]

Published on May 17th, 2018|

LNP – Twisted Bine Beer Co. opening brewery/restaurant this summer in Mount Joy

The Twisted Bine Beer Co. project started with EDC through the Borough Collaborative project. It was then handed off to EDC’s Business Retention Expansion team who worked with EDC Finance to assist Twisted Bine Beer Co. in securing an SBA 504 loan.

Article featured on LancasterOnline.

Twisted Bine Beer Co., a new restaurant and brewery, is slated […]

Published on May 15th, 2018|

CPBJ – State authority OKs loans for two Lancaster County businesses

Article featured on Central Penn Business Journal.

Two Lancaster County businesses recently secured low-interest loans from the Pennsylvania Industrial Development Authority.

The authority’s board approved Flex-Cell Precision Inc. in Lancaster for a $584,000, 10-year loan at a 3.5 percent fixed rate through EDC Finance Corp. in Lancaster, according to a release from Gov. Tom Wolf’s office.

The CNC […]

Published on May 8th, 2018|

LNP – State loans totaling $984,000 help 2 Lancaster County firms add advanced equipment

Article featured on LancasterOnline.

Two Lancaster County industrial businesses will add equipment thanks to loans awarded Wednesday by the Pennsylvania Industrial Development Authority.

The two companies, Flex-Cell Precision and Weaver Industries, both provide computer numerical control (CNC) machining.

Flex-Cell Precision, which makes military and commercial electronics enclosures, received a $584,000 loan toward the $1.46 million cost to buy […]

Published on May 7th, 2018|

LNP – State loan helps kick off $20M redevelopment on Lancaster city’s east side

Article featured on LancasterOnline.

With the help of a state loan approved Wednesday, a $20 million redevelopment project on Lancaster city’s east side soon will begin. The far-reaching mixed-use project is dubbed Tobacco Avenue, after the obscure alley that forms its western boundary. As was announced last year, the venture will revitalize a drab property that’s also bounded […]

Published on May 4th, 2018|

NADCO Releases Details on 25 Year SBA 504 Loans

 

In response to NADCO TI Memo 21-18 making 25-year term loans available in the SBA 504 loan program it will be helpful to understand how we expect those debentures to be priced so that small business borrowers can be better equipped to decide what term loan is best for them.

There are several variables that determine […]

Published on April 23rd, 2018|