The Harrisburg Regional Chamber’s economic development nonprofit closed $300,000 in financing for a Duncannon, Perry County brewery to renovate a former PNC Bank into a brewery, tasting room and restaurant.
Capital Region Economic Development Corp. (CREDC) announced this week that it will finance nearly half of the cost for Duncannon-based Lindgren Craft Brewery to renovate a 2,854-square-foot building it purchased last year.
The microbrewery began operations in 2018 and looks to expand business with the help of the new space, which is projected to cost over $676,000 when finished. It received the loan through CREDC’s Enterprise Zone Revolving Loan Fund.
“Lindgren Craft Brewery’s dedication to Perry County and to local farmers and businesses runs deep,” said Ann Leiner, CREDC’s loan review committee chair. “CREDC is proud to play a part in funding the continued growth of the brewery’s operations, production and staffing in our region.”
CREDC’s Enterprise Zone Revolving Loan Fund provides funding for real estate acquisitions, construction and renovation and machinery and equipment.
Through the loan, Lindgren will update the former bank to accommodate new brewing equipment. The project is planned to be finished by mid-fall.
“In our search for financing, a number of people in banking and the financing industry highly recommended we contact CREDC,” said Cliff Lindgren, Chairman of Lindgren Craft Brewery. “Through CREDC, we were able to get the funding we needed, with terms we could live with, in a timely manner to purchase the brewing equipment that allowed us to expand our business. That’s what I call real economic development.”
The project is expected to create six new jobs over the next three years.