Two Northampton County Businesses Expand, Create Jobs with $9M State Loan

versus Northampton County Companies plan to expand and create jobs with a total of $9 million in loans through low-interest loans. Pennsylvania Industrial Development Authority (Pida).

The loans, announced Wednesday by Gov. Tom Wolfe, will support business growth in five Pennsylvania counties and help create and sustain a total of 287 jobs. Among the six companies nominated to receive funding are: Continental Cup Company LLC at Bethlehem and Green Leaf Productions Inc. Hanover TownshipPIDA loans were also announced for projects in Armstrong, Bucks, Lackawanna and Wyoming counties.

So far this year, PIDA has approved about $42 million in low-interest loans, resulting in about $91 million in private investment and creating or sustaining 998 full-time jobs, according to a news release. . Authorities have approved approximately $403 million in low-interest loans since 2015, resulting in approximately $819 million in private investment and creating or sustaining 15,763 full-time jobs. I was.

In a statement, Wolfe said the company remains committed to supporting growing businesses across the state and said the loans will enable the six companies to thrive and expand.

“Providing the resources for businesses to succeed in Pennsylvania is vital to our economy, our communities, and our way of life,” the governor added.

Projects approved in Northampton County include:

  • Continental Cup Company LLC, a start-up manufacturer of premium graphic paper cups, received a 10-year, $210,000 loan at a fixed rate of 3.75% to purchase machinery and equipment. This includes lid automation systems. dome lid molds; die cutters and punching machines; forklifts; racking systems; pumps; and other small equipment. With a total project cost of $491,562, the company is committed to creating 44 new full-time jobs and retaining 27 employees within his three years. The manufacturing facility is located at 1920 Spillman Drive in Bethlehem.
  • Green Leaf Productions Inc., through Lehigh Valley Economic Investment Corporation, provided a 10-year, $945,000 loan at a reset rate of 3% to acquire a 10,450-square-foot office building at 161 North Commerce Way, Hanover Township. has been approved. The facility, which will be used as a full-service multimedia production facility, will not only provide the company with additional production space, but will also allow Green Leaf to expand in line with larger contracts the company has received. The total project cost him $2.1 million, and Green Leaf Productions promised that within three years he would create 25 new full-time jobs.

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To contact Pamela Sroka-Holzmann: pholzmann@lehighvalleylive.com.

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