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Gov. Invests $11M in Industry/MXD

HARRISBURG, PA-Funds are being apportioned to a variety of projects including a mixed-use project in Hollidaysburg and an industrial facility in Reading.

By Erika Morphy | Updated on February 04, 2008

HARRISBURG, PA-The commonwealth is investing $11 million in projects throughout the state via low interest loans that have been approved by the Commonwealth Financing Authority. The government assistance, Gov. Edward Rendell says, is part of Pennsylvania’s goal of investing in high-impact projects. “Investments like these are making the difference in projects and communities all over Pennsylvania,” he says.

Funding will be divvied up among the following recipients. In Reading, Hydrojet Inc. is receiving $911,000 to purchase three acres on West Buttonwood St. in an in-town industrial park and construct a 34,000-sf facility there. The advanced-technology manufacturer will be relocating to the facility from its operations on 7th St. A $1.1-million loan has also been granted to help develop and restore the vacant Highland Hall building and grounds on Walnut Street in Hollidaysburg, Blair County. It will become a mixed-use project with office space on the first floor, high-end residential space on the second and third floors and community rental, office and storage in the basement/garden level. Construction may start in March.

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