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:
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 3.5 percent fixed rate through EDC Finance Corporation for the purchase of advanced machinery and equipment that will lead to increased capacity and efficiency at the company’s facility in downtown Lancaster. The project is expected to retain 30 full-time jobs in the next three years.
Weaver Industries Inc., a family-owned and operated CNC service provider specializing in graphite and urethane products, was approved for a $400,000, 10-year loan at a 3.5 percent fixed rate for the purchase of graphite machining equipment. The project is expected to retain 58 full-time jobs in the next three years.