Darrenkamp’s Markets will open its first store outside of Lancaster County next month. Newberry Commons, located in Etters, York County, will house the new store, a 40,000 square foot location that will feature a full service grocery store offering fresh meats, bakery items and hot prepared foods.
The Darrenkamp family felt complelled to expand in this marketplace given the gap in services available, with no traditional grocery store located within an 8 mile radius.
Darrenkamp’s remains committed to fulfilling the needs of the communities they serve and the lack of a grocery store in Etters helped bring about the continued expansion of Darrenkamp’s Markets.
In collaboration with Fulton Bank, EDC Finance Corporation approved an SBA 504 loan to cover leasehold improvements and the acquisition of equipment. With construction winding down, Darrenkamp’s hopes to open the new store in April.
The store will employ approximately 100 people and will be managed by Ryan Darrenkamp.
Loan Type: SBA 504
Location: Etters, York County
Loan Amount: $584,000.
Industry: Grocery store
Project: Equipment acquisition & leasehold improvements
First Lender: Fulton Bank
EDC Finance Corporation
by Erin Lyons