Wyoming manufacturer approved for loan for renovation
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Apr. 8—National HVAC Manufacturing Company LLC will receive a low-interest loan to renovate its 20,600-square-foot manufacturing facility in Wyoming and purchase machinery and equipment, Gov. Tom Wolf announced Wednesday.
Through NEPA Alliance, the company was approved for a 15-year, $268,750 Pennsylvania Industrial Development Authority loan at a 1% reset rate.
Renovations include installing new flooring and lighting, a new HVAC system, hydronic boilers, new gas and sewer lines and updated bathrooms and office space.
The company manufactures and sells residential gas-fired and oil-fired cast-iron boilers.
The total renovation project cost is $537,500 and the company will create five and retain two full-time jobs within three years, according to a news release from the governor's office.
It was one of three projects that Wolf announced received nearly $2.7 million in low-interest loans through the Pennsylvania Industrial Development Authority to expand their operations, renovate facilities and create jobs.
Others approved for loans included Harry J. Lawall & Son Inc. in Bucks County and American Print Consultants LLC in Franklin County.
Pennsylvania manufacturers drive our economy, providing critical goods, services, and jobs to consumers and workers across the commonwealth," Wolf said. "The funding approved today through PIDA will help businesses in three counties grow and improve their operations through additional space and more efficient equipment and processes."
Contact the writer: dallabaugh@citizensvoice.com, 570-821-2115, @CVAllabaugh
