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Tag Archives: small business

Pa. Senate bill legalizing cannabis strives to be business friendly

A new bill that would not only legalize recreational use of cannabis in Pennsylvania, but also ensure small business owners aren’t crowded out of the market by larger players, has been introduced in the state Senate. Senators Daylin Leach, D-Montgomery/Delaware, and Sharif Street, D-Philadelphia, co-sponsored Senate Bill 350 to end what they described as the state’s prohibition ...

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Laboratory, Analytical & Biological Services of New Oxford relied on a federally-funded SBA 504 loan through Adams Economic Alliance to move from East Berlin and ren-ovate a larger facility, shown above, near Cross Keys in eastern Adams County. PHOTO/SUBMITTED

SBA loan fuels growth of Adams lab

When Fred Richstien II sought financing last fall to expand his business in Adams County, he heard about a federal loan program that might help him achieve his vision.. By summer, he had a financing package totaling $845,000 in hand for his company, Laboratory, Analytical & Biological Services, or LABS, of New Oxford, part of which included a Small Business Administration 504 loan facilitated by the Adams Economic Alliance.

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