The RACP funds include $810,000 for renovation of Jenkintown's 400-seat Hiway Theater, a landmark constructed in 1913; and $500,000 for continued development of the Abington Arts Center. The AAC funding includes commission of a master plan for the 26-acre site that is likely to expand the existing sculpture garden, preserve an 1836 Quaker meeting house and add walking trails from surrounding neighborhoods.
In Philadelphia County, meat processor Dietz & Watson received a PIDA loan of close to $1.8 million to expand its facility by 31,000 sf, and KRG Enterprises obtained a loan of almost $1.3 million to acquire a 158,480-sf facility in Philadelphia Industrial Park. In addition, Philadelphia Water Ice Factory II got a $360,000 loan to buy and refurbish a 19,413-sf facility on State Road in Philadelphia, and PIDC Financing Corp. got a $325,000 loan to buy a 10,500-sf facility in Philadelphia's Red Lion South Industrial Park.
Greater Hazleton Community Area New Development Organization Inc. received a loan of nearly $1.3 million to acquire and refurbish a 277,600-sf facility on 23 acres in Luzerne County. Karchner Logistics has preleased 192,000 sf in the building. Auto Accessories of America's approximately $1.1-million loan is for the acquisition of a 202,387-sf building on 37.3 acres in Mifflin County. In Westmoreland County, Smart Parts Inc. received a loan of just over $1 million to buy and renovate a 94,400-sf building in Latrobe.
With a PIDA loan for $857,980, Your Building Centers Inc. will buy and renovate a 208,620-sf building in Beech Creek in Clinton County. Three additional projects, one each in Bucks, Berks, and Northampton counties, obtained PIDA loans of between $300,000 and $359,000. Packaging Specialty Inc. will expand its Fairless Hills' facility in Bucks by 9,960 sf. Jafco Grafix will expand and renovate its facility in Sinking Spring in Berks by 23,023 sf, and, in Montgomery, Everson Tesla Inc. will buy and refurbish a 32,982-sf building in Nazareth.
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