Facebook LinkedIn Twitter Vimeo RSS

Harrisburg-area projects land $2.3M in state loans

By ,
(Photo / )

Three businesses have received state loans to expand their operations in the Harrisburg area.

The Wolf administration announced the three low-interest loans on Wednesday, as well as three others, all made through the Pennsylvania Industrial Development Authority. 

The loans, fixed at a 2 percent rate and totaling $3.3 million, went to borrowers in five counties, including two loans in Dauphin County and one in Cumberland County.

The three midstate loans were facilitated by the Capital Region Economic Development Corp., or CREDC, in Harrisburg.

One of the recipients was Vich Development LLC, which was approved for a $640,766 loan, to buy a 25,000-square-foot cold-storage facility in Harrisburg. The facility at 1143 Berryhill St. will be used by Wisconsin-based e-tailer Inc., a company that specializes in cold storage and fulfillment of products like ice cream.

The project is expected to create 25 full-time jobs within three years. It will be the company's third facility, according to CREDC. The company has other facilities in Wisconsin and Nevada.

Other local projects to receive PIDA loans were:

  • Camerek Holdings LLC was approved for a $359,900 loan to acquire a 10,929-square-foot building at 5400 Paxton St. in Swatara Township. The property will be occupied by a California Closets franchise. The company specializes in custom designing and manufacturing of garage, food, laundry and bedroom closet storage units. The project is expected to create eight jobs and retain two others over the next three years.
  • Parath LLC was approved for a $1.25 million loan to renovate a 69,273-square-foot flex warehouse building at 151 Allendale Road in Mechanicsburg. The building will eventually house three tenants, including SupplySource Inc., an office furniture company.

More From This Industry

Jason Scott

Jason Scott

Jason Scott covers state government, real estate and construction, media and marketing, and Dauphin and Cumberland counties. Have a tip or question for him? Email him at jscott@cpbj.com. Follow him on Twitter, @JScottJournal.

Leave a Comment


Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy


MarkSindone October 19, 2018 1:16 am

Providing low-interest state loans would greatly help alleviate financial burdens of companies while easing the economy through a certain scale. It is making sure that there are sufficient platforms made available to build revenue over time without further straining the situation.