Local companies receive loans from the national government

NOVEMBER 2 — A Carbondale-based food wholesaler and Tankannock Twp-based lumber producer received low-interest loans through the Pennsylvania Industrial Development Agency to help grow their business.

Trichilo Foods of Carbondale has been approved for a $568,000 loan at a fixed rate of 3% over 15 years to support the renovation and expansion of a 22,415 square foot cold storage warehouse.

The project will cost $1,136,000 and the company will create 24 new full-time jobs and retain 25 employees within three years, according to a statement from Governor Tom Wolfe’s office.

Deer Park Lumber Inc. has been approved for a $3 million loan at a fixed rate of 2.5% over 10 years to purchase machinery and equipment to streamline material handling and operations.

According to the announcement, the project will cost $7,854,000 and the company will create eight new full-time jobs and retain 74 employees within three years.

— Robert Tomcavage

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