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PENNSYLVANIA AWARDS LOAN TO READING APPAREL FIRM

 PENNSYLVANIA AWARDS LOAN TO READING APPAREL FIRM
 HARRISBURG, Pa., Sept. 24 /PRNewsire/ -- State Commerce Secretary


Andrew T. Greenberg announced today the approval of $200,000 in state funding to help a Reading men's clothing manufacturer purchase equipment and machinery.
 The loan, awarded through the state's Apparel Industry Loan Fund, will help Oritsky Acquisitions Inc. buy equipment and machinery from H. Oritsky Inc.
 Oritsky Acquisitions, a newly formed corporation, will continue the current operations of H. Oritsky, preserving 120 jobs.
 "We're using our low-interest loan programs to help our businesses remain competitive and to create and preserve high-quality manufacturing jobs," Greenberg said.
 Since its inception in 1985, the Apparel Industry Loan Board has approved 56 loans totaling more than $6.6 million for projects that are expected to create 1,193 jobs and retain 6,679 more.
 /delval/
 -0- 9/23/92
 /CONTACT: Jon Harwood of the Department of Commerce, 717-783-1132/ CO: Pennsylvania Department of Commerce ST: Pennsylvania IN: SU:


MJ-CC -- PH014 -- 3049 09/24/92 11:12 EDT
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Publication:PR Newswire
Date:Sep 24, 1992
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