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MINORITY-OWNED ELECTRICAL CONTRACTING FIRM MOVES WAREHOUSE OPERATIONS INTO CITY, ADDS 60 JOBS

 MINORITY-OWNED ELECTRICAL CONTRACTING FIRM
 MOVES WAREHOUSE OPERATIONS INTO CITY, ADDS 60 JOBS
 PHILADELPHIA, Nov. 4 /PRNewswire/ -- Alliance Electric, Inc., an electrical contracting firm offering a full range of services to commercial, industrial and institutional clients, today cut the ribbon on a one-story industrial building it purchased and completely renovated in the Red Lion North Industrial Park in Northeast Philadelphia.
 The move consolidated the firm's administrative and engineering operations, which had occupied leased space elsewhere in Philadelphia and its warehouse operations, which had been located in Bensalem, Pa., into a one-story, 20,000-square-foot facility on 2.5 acres of land.
 "This is an important day for all of us," said Mayor Edward G. Rendell, who gathered with elected officials in celebrating the opening. "Sixty new jobs have been created by Alliance Electric and what had been a vacant building is occupied, and completely renovated," he said. "That's good news for Philadelphia, and we are pleased to help one of the city's many minority-owned firms grow and expand," he added.
 George V. Leon, founder and president of Alliance, is a Cuban-born American.
 Leon said that his firm had looked at other locations when considering its move but made its selection because "we thought the city and Philadelphia Industrial Development Corporation showed more understanding of our needs and were extremely helpful in the search process."
 William P. Hankowsky, president, PIDC, which helped the company locate suitable space, then financed a portion of the acquisition and renovation costs, said that Alliance Electric was a tremendous addition to the Red Lion Industrial Park. "What they have done is to take what was basically a shell, and construct in essence a new building," said Hankowsky.
 "Alliance is a good example of the kind of assistance PIDC can provide -- help in locating a new home and then providing financing to purchase and renovate it," he said.
 Alliance Electric's recent local client roster includes Conrail for complete electrical work for its Northeast Computer headquarters, CIGNA for a tenant fit-out in Liberty 2 and the Shipley School.
 /delval/
 -0- 11/4/92
 /CONTACT: Noreen Shanfelter of the PIDC, 215-496-8123, or John Reed, vice president of Alliance Electric, 215-671-8100/ CO: Alliance Electric, Inc.; Philadelphia Industrial Development
 Corporation ST: Pennsylvania IN: SU:


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Publication:PR Newswire
Date:Nov 4, 1992
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