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PIDA APPROVES LOANS FOR 10 PROJECTS

 HARRISBURG, Pa., Jan. 6 /PRNewswire/ -- Gov. Robert P. Casey announced today the approval of more than $6.4 million in Pennsylvania Industrial Development Authority Development (PIDA) loans for 10 projects that are expected to create 470 jobs over the next three years.
 At its monthly meeting, chaired by state Commerce Secretary Andrew T. Greenberg, the board approved two projects in Blair County and one each in Berks, Chester, Crawford, Dauphin, Delaware, Luzerne, Monroe and Warren counties.
 "By any standard, 1992 was a banner year for PIDA -- it nearly doubled its loans and increased its total investment in business expansion and modernization projects by more than $45 million," Casey said.
 "These projects have leveraged more than $241 million in private and other investment in Pennsylvania's economy which resulted in the creation of nearly 6,000 jobs and the preservation of more than 2,000 others.
 "In 1993, PIDA will build on these accomplishments by continuing to invest in business expansion projects and in Pennsylvania companies that are modernizing while preserving existing employment."
 The board approved the following projects:
 Berks County -- $520,000 to East Penn Manufacturing Co. Inc. for the acquisition of a 65,000-square-foot building at 225 West Poplar St. in Fleetwood. The company, which manufactures automotive and industrial marine batteries, is moving to larger quarters from a nearby location. The $1.3 million project is expected to create 40 jobs.
 Blair County -- $250,000 to DelGrosso Foods Inc. for the construction of a 14,400-square-foot building in Tipton. The company, which manufactures spaghetti, pizza and other specialty sauces, is in the process of expanding its production and warehouse capacity. The $508,000 project is expected to create 19 jobs.
 Blair County -- $750,000 to W.S. Lee and Sons Inc. for a 40,950- square-foot construction/expansion project in Duncansville. The food distributor, which currently operates at the site, will use the loan to expand its existing building and build a new one on the site. The $2.1 million project is expected to create 50 jobs.
 Chester County -- $1.9 million to USERS Inc. for a 60,000-square- foot expansion project at 1250 Drummers Lane in Valley Forge. The company, which specializes in the development of credit union services such as database management services and ATM networks, is in the process of doubling the size of its operation. The $6.6 million project isx?pected to c ate 131 jobs.
 Crawford County -- $84,000 to MKPK Inc. for the acquisition and renovation of a 6,000-square-foot building along Mosiertown Road in Cussewago Township. The company, which manufactures welded and fabricated steel products, is in the process of acquiring and renovating the building it currently leases. The $140,000 project is expected to create five jobs.
 Dauphin County -- $200,000 to EMKA Inc. for the construction of a 0?00-square-foot building at the Harrisport Business Center in Lower Swatara Township. The company, which distributes locks, latches and other sealing materials, is moving to the site from a nearby location. The $800,000 project is expected to create 14 jobs.
 Delaware County -- $870,000 to PILZ America Inc. for the acquisition and renovation of a 41,539-square-foot building along 54 Conchester Road in Concordville. PILZ America, a German compact disc manufacturer, is in the process of establishing its first North American manufacturing operation at the site. The $2.1 million project is expected to create 70 jobs.
 Luzerne County -- $1.1 million to Trion Industries Inc. for the construction of an 87,000-square-foot building at 359 Laird St. in Wilkes-Barre. The company, which manufactures metal display fixtures, is constructing a building that it will move into on a site adjacent to its current location. The $2.3 million project is expected to create 80 jobs.
 Monroe County -- $534,704 to Pocono Springs Co. for the acquisition of 9,846-square-foot building along Industrial Park Drive in Mount Pocono. The company, which processes and bottles spring water, is in the process of consolidating its operation at the site. The $891,174 project is expected to create 53 jobs.
 Warren County -- $111,075 to Thompson Maple Products Inc. for a 7,200-square-foot expansion project in Corry RD 2. The company, which manufactures partially finished hardwood products, will use the loan to expand its production capacity. The $277,688 project is expected to create eight jobs.
 /delval/
 -0- 1/6/93
 /CONTACT: Dennis V. Curtin of the Department of Commerce, 717-783-1132/


CO: Pennsylvania Industrial Development Authority; Pennsylvania
 Department of Commerce ST: Pennsylvania IN: SU:


MK -- PH016 -- 2268 01/06/93 14:47 EST
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Date:Jan 6, 1993
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