Tex Visions closes deal on multimillion-dollar funding package
Tex Visions closed April 22 on the $2 million Pennsylvania Industrial Development Authority loan provided by the chamber and CREDC.
The loan paid for Tex Visions' 57,600-square-foot manufacturing facility on 8 acres in Cumberland County. The company moved into the building in August.
The project on Pine Hill Drive in Middlesex Township includes 10,800 square feet of two-story office space, separate production and warehouse space, and 60 parking spaces.
Tex Visions transferred all of its 44 full-time employees to the new location and agreed to create 16 new positions within the next three years, the chamber said in a news release.
The economic development loan leveraged another $3.59 million of capital investment toward the project and included financing from Metro Bank and other equity sources, the release said.
Tex Visions is owned by Marcel Ruhland. The company manufactures and distributes custom-printed textile advertisements for both indoor and outdoor use, including flags, banners, literature stands and advertising umbrellas.
The company was founded in 2004 with two employees and was one of the first tenants of the chamber and CREDC’s Murata Business Center incubator in Carlisle. In 2008, Ruhland moved manufacturing operations in-house, hired more staff and leased even more space at Murata. Before Tex Visions graduated from the incubator program and relocated last year, it had become Murata’s largest tenant.
CREDC is the economic development arm of the Harrisburg Regional Chamber, and it promotes economic development activities in Cumberland, Dauphin and Perry counties.
Editor's note: Because of incorrect information provided, this story had to be modified from its original version to correct that Tex Visions closed on the $2 million loan.