Harrisburg, PA (Aug. 5) – Today, Department of Community and Economic Development (DCED) Secretary Rick Siger announced the approval of more than $3.7 million in new, low-interest loans through the Pennsylvania Industrial Development Authority (PIDA) to help support business growth in Bucks, Lackawanna, Lancaster, Montgomery, and York counties. Together, these projects will inject more than $10.2 million into the local economy, create 35 new, full-time jobs, and retain 53 existing jobs.
Governor Josh Shapiro is making Pennsylvania an economic development leader by investing in growing businesses, supporting manufacturing and other key industries, and creating real opportunities for Pennsylvanians.
Since 2023 under the Shapiro Administration, PIDA has approved $180,872,614 in low-interest loans that have resulted in $474,557,895 in private investment, the creation of 1,573 full-time jobs, and the retention of 2,816 existing positions…