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In brief: Lebanon EDC pays loan

The Lebanon Valley Economic Development Corp. has repaid a $1.5 million bank loan.

The Lebanon Valley Economic Development Corp. has repaid a $1.5 million bank loan.

The tax-increment-financing loan from the Jackson Township Industrial Development Authority was repaid with a portion of tax payments from companies locating in the Northport Business Park. As a result, an action to terminate the Northport tax-increment-financing district has been initiated.

The district was established in 1999 to fund public-infrastructure construction in the 132-acre business park in Union Township. Occupants at the park include Ingram Micro Inc. and Lebanon Valley Farmers Bank.

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