EDC Member Briefing

EDC’s Member Briefing was held on Tuesday, June 6, 2018 at Spooky Nook Sports in Manheim, PA. The theme presented throughout the luncheon was Business Retention & Expansion with an update on EDC’s Center for Regional Analysis (CRA).

Phil Wenger, Chair of EDC’s Board and President and CEO of Fulton Financial Corporation opened the event by […]

Published on June 7th, 2018|

LNP – Hotel Lancaster secures $23.4M for renovation, conversion to Holiday Inn

EDC was happy to be a part of Friday’s official announcement of The Hotel Lancaster’s full funding package which will support their major renovation project. There are multiple institutions that put forth great effort to bring this project to fruition. EDC is excited for the continued redevelopment of this block of Queen Street in Lancaster […]

Published on June 4th, 2018|

Penn Live – PIDA Loan Announcement

Article featured on Penn Live.

Governor Tom Wolf announced new low-interest loan approvals through the Pennsylvania Industrial Development Authority program for eight business projects in six counties. In the midstate, they include:
Lancaster County
Flex-Cell Precision Inc., a full-service CNC milling shop for military and commercial electronics enclosures, was approved for a $584,000, 10-year loan at a […]

Published on May 31st, 2018|

LNP – Tobacco Avenue project in Lancaster city begins with $5M HQ for Security Partners

Article featured on LancasterOnline.

Ground was broken Wednesday for phase one of the $20 million Tobacco Avenue revitalization project on Lancaster city’s east side.

The project developers are Patrick Egan, founder of Security Partners and Select Security, and his brother Pete Egan, owner of contractor Caldwell, Heckles & Egan.

The project, unveiled last year, takes its name from […]

Published on May 31st, 2018|

LF – Low-Interest Loans Support Family Farming

Article featured on Lancaster Farming.

HARRISBURG, Pa. — Gov. Tom Wolf announced seven new low-interest loan approvals through the Commonwealth Financing Authority that will help small family farms make the necessary capital improvements to sustain and grow their livelihoods in Adams, Bedford, Berks, Columbia, Lancaster, Northumberland and Snyder counties.

“The survival of small family farms is not […]

Published on May 30th, 2018|

FD – Low-interest loans support Pa. family farms

Article featured on Farm and Dairy.

HARRISBURG, Pa. — Seven new low-interest loans were approved through the Commonwealth Financing Authority that will help small family farms make the necessary capital improvements to sustain and grow their livelihoods in Adams, Bedford, Berks, Columbia, Lancaster, Northumberland, and Snyder counties.

The funding, approved through the First Industries program, will assist […]

Published on May 30th, 2018|

AD – Spartan Motors Expands Ephrata, Pennsylvania, Truck Manufacturing Plant

Article featured on Area Development.

Spartan Motors, Inc., will invest $2.4 million to expand its truck body manufacturing facility in Ephrata, Lancaster County, Pennsylvania. The company plans to create nearly 189 new jobs.

A provider of specialty chassis and vehicle design, manufacturing, and assembly, Spartan Motors plans to expand its current site in Ephrata to fulfill a […]

Published on May 30th, 2018|

LNP – 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|

TBB – 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|

CPBJ – 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|

PRN – 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|

PA.GOV – 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|