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GOV. CASEY ANNOUNCES $5.1 MILLION IN PIDA LOANS FOR EIGHT EXPANSION PROJECTS

 GOV. CASEY ANNOUNCES $5.1 MILLION IN
 PIDA LOANS FOR EIGHT EXPANSION PROJECTS
 HARRISBURG, Pa., March 4 /PRNewswire/ -- Gov. Robert P. Casey today announced the approval of more than $5.1 million in Pennsylvania Industrial Development Authority (PIDA) funding for eight projects that are expected to create 333 jobs and help preserve 3,268 jobs.
 The board, chaired by Secretary of Commerce Andrew T. Greenberg, approved loans for projects in Allegheny, Cambria, Elk, Erie, Huntingdon, Lehigh, Lackawanna and Mercer counties.
 "The Pennsylvania Industrial Development Authority is our premier economic development program and continues to help spur economic growth in these tough economic times," Casey said. "And in the coming months we expect to do more, because PIDA has adopted the new policies I recommend that will help our in-state businesses modernize and compete while maintaining their current employment."
 PIDA loans, awarded at low-interest rates, may be used by manufacturers and industrial firms to purchase land and buildings for construction or renovation. Applications are made by local industrial development groups on behalf of industrial borrowers.
 The projects approved were:
 Allegheny County -- $800,000 to the Regional Industrial Development Corporation (RIDC) of Southwestern Pennsylvania for the construction of a 30,000 square-foot addition to the McKeesport Industrial Manor I facility. The $2 million addition is targeted to light, high-tech manufacturing companies, distribution centers and research and development operations.
 Cambria County -- $500,000 to Sani-Dairy Division of Penn Traffic Co. for a 12,606 square-foot expansion project at 400 Franklin St. in Johnstown. The company, which processes milk and other dairy products such as soft cheeses and yogurt, will use the loan to expand production and increase its storage and freezing facilities. The $1 million project is expected to create 35 jobs and help preserve 269 others.
 Elk County -- $200,000 to Windfall Products Inc. for a 19,200 square-foot expansion project at the Elk County Industrial Park on West Creek Road in St. Mary's. The company, which manufactures powdered metal parts such as bearings and gears, is expanding production. The $500,000 project is expected to create 53 jobs and help preserve 405 others.
 Erie County -- $240,000 to Great Lakes Case and Cabinet Co. for a 11,200 square-foot expansion project at 4193 Route 6N East in Edinboro. The company, which designs and manufactures cabinets that house data and voice communications products such as modems and channel banks, will use the loan to expand its product line. The $618,285 project is expected to create 16 jobs and help preserve 12 others.
 Huntingdon County -- $660,000 to U.S. Sports Inc. for a 51,600 square-foot expansion project in the Huntingdon Industrial Park in Huntingdon. The company, which manufactures canvas sneakers, will use the loan to expand its storage facilities.
 The $1.1 million project is expected to create 45 jobs and help preserve 264 others.
 Lehigh County -- $198,000 to J.H. Leskin Associates Inc. for a 4,740 square foot expansion project on 2360 Avenue "A" in Bethlehem. The company, a computer software manufacturer, is in the process of expanding its operations. The $497,131 project is expected to create 14 jobs and help preserve 15 others.
 Lackawanna County -- $2 million to WEA Manufacturing Inc. for a 45,000 square-foot expansion project at the Mid-Valley Industrial Park in Olyphant. The company, which manufactures compact discs, cassette tapes and records, is in the process of its consolidating its administrative operations to one location, a move that will free up additional space for the manufacture of compact discs. The $5.7 million project is expected to create 135 jobs and help preserve 2,298 others.
 Mercer County -- $524,885 to Winner Technologies for the acquisition of a 164,937 square-foot building on 385 Shenango Ave. in Sharon. The company designs and manufactures engineered design circuitry for a variety of industries including the office automation market. The company, which is in the process of developing a more advanced product, is moving from a nearby location to larger quarters. The $1.3 million project is expected to create 35 jobs and help preserve five others.
 /delval/
 -0- 3/4/92
 /CONTACT: Dennis V. Curtin of the PIDA, 717-783-1132/ CO: Pennsylvania Industrial Development Authority ST: Pennsylvania IN: SU:


JS -- PH029 -- 5171 03/04/92 17:53 EST
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Publication:PR Newswire
Date:Mar 4, 1992
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