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STATE AWARDS MACHINERY, EQUIPMENT LOAN TO BEDFORD COUNTY FIRM

 STATE AWARDS MACHINERY, EQUIPMENT LOAN TO BEDFORD COUNTY FIRM
 HARRISBURG, Pa., Sept. 23 /PRNewswire/ -- Gov. Robert P. Casey announced today the approval of $400,000 in state funding to help a Bedford County hardwoods processor expand and create 18 jobs.
 The loan, awarded through the state's Machinery and Equipment Loan Fund (MELF), will help Blue Triangle Hardwoods Inc. acquire heating ventilation equipment for its Everett plant.
 The company also will use the loan to purchase grading equipment. Total cost of the project is $800,000.
 "Our investment in Blue Triangle is part of our commitment to developing Pennsylvania's hardwoods industry," Casey said. "We're supporting hardwoods operations like Blue Triangle because it helps create jobs that in the past would have ended up in another state or country."
 Blue Triangle operates sawmills, kilns, and lumber and log concentration yards at the site.
 MELF is targeted to industrial and manufacturing companies, agricultural processors and mining operations. The loans may be used for the acquisition and upgrading of machinery and equipment.
 -0- 9/23/92
 /CONTACT: Ron Jury of Commonwealth News Bureau, 717-783-1132/ CO: Department of Commerce; Blue Triangle Hardwoods Inc. ST: Pennsylvania IN: SU:


CD -- PG003 -- 2526 09/23/92 10:01 EDT
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Publication:PR Newswire
Date:Sep 23, 1992
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