Pennsylvania Approves $10.5M in Loans to Boost Jobs and Economy

Projects supported by these PIDA loans will infuse more than $23.2 million into the economy, generating 26 new jobs and retaining 297 existing positions.

In 2025, the Pennsylvania Industrial Development Authority (PIDA) approved $49,236,828 in low-interest loans, leading to $130,390,641 in private investment, the creation of 282 full-time jobs, and the retention of 628 existing jobs.

Harrisburg, PA

The Pennsylvania Industrial Development Authority (PIDA) has announced nearly $10.5 million in new low-interest loans aimed at stimulating business growth and job creation in Blair, Dauphin, Lancaster, and Snyder counties. According to Department of Community and Economic Development (DCED) Secretary Rick Siger, these loans are anticipated to inject over $23.2 million into the local economies, creating 26 new full-time positions and preserving 297 current jobs.

In 2025, PIDA has greenlit $49,236,828 in low-interest loans, resulting in $130,390,641 in private investment and the creation of 282 full-time jobs, along with the retention of 628 existing positions.

"The Shapiro Administration is committed to supporting businesses across the Commonwealth so that we can keep Pennsylvania’s economy strong and create more opportunity for Pennsylvanians," said Secretary Siger. "These five approved PIDA loans will secure and create jobs, while also ensuring a dynamic and thriving economy for all Pennsylvanians."

PIDA offers low-interest loans and lines of credit to businesses that pledge to create and sustain full-time jobs and develop industrial parks and multi-tenant facilities. These loans can cover land and building acquisitions, construction and renovation costs, machinery and equipment purchases, and more.

Approved Projects

Blair County

• Eagle Eye Real Estate LLC, Eagle Eye Vision Center LLC, and Eagle Eye Surgery Center LLC received a 10-year, $1,500,000 loan at a 4.25 percent reset interest rate through the Altoona-Blair County Development Corporation. The funds will be used to acquire a 17,754-square-foot building in Duncansville Borough, part of a business acquisition involving the rebranding of Laurel Eye Clinic and Surgery Center under the Eagle Eye name. This project will create three new jobs and retain 17 existing positions. The total project cost is $4,350,000, with additional financing from M&T Bank.

Dauphin County

• Mid Atlantic Machinery Inc. and K5 Properties LLC secured a 10-year, $2,250,000 loan at a 4.25 percent reset interest rate through the Capital Region Economic Development Corporation. The loan will facilitate the acquisition of a 39,092-square-foot industrial facility in Middletown. The company, expanding into robotics and advanced manufacturing, will occupy 75 percent of the building. This project will add three new jobs and retain 50 existing positions, with additional financing from LINKBANK.

Lancaster County

• Gen 22 Partners, LLC, associated with Weaver Companies Inc., received a 10-year, $2,000,000 loan at a 4.25 percent reset interest rate via EDC Finance Corporation. The funds will be used to purchase a commercial property in East Earl, serving as Weaver Companies' new headquarters. The project will retain 88 existing positions and includes seller financing.
• U.S. Boiler Company LLC and Thermal Solutions Products LLC were approved for a 10-year, $2,000,000 loan at a 3.75 percent reset interest rate. The project, part of a previous Commonwealth funding proposal, involves expanding a warehouse and establishing a new assembly line, creating 15 new jobs and retaining 117 existing positions.

Snyder County

• Penn Dairy LLC obtained a 15-year, $2,000,000 loan at a 4.25 percent reset interest rate through the SEDA-Council of Governments. The funds will expand its facility in Winfield, increasing production capacity and adding five new jobs while retaining 33 existing positions.

Governor Josh Shapiro and his administration have secured over $32.5 billion in private sector investments, creating more than 18,000 jobs. Mark Zandi of Moody’s Analytics confirms that Pennsylvania is the only Northeastern state with a growing economy. Governor Shapiro's 2025-26 state budget aims to boost economic potential further.