$1.2-million state loan to help create jobs in Mercer County - WFMJ.com News weather sports for Youngstown-Warren Ohio

$1.2-million state loan to help create jobs in Mercer County

Posted: Updated:
HARRISBURG, Pa. -

A $1.2-million state loan will help create sixteen new jobs in Mercer County.  The Pennsylvania Industrial Development Authority granted Penn-Northwest Development Corporation the 15-year loan at 2.25 percent interest, on behalf of Integrated Fabrication and Machine Inc.

The Sharpsville company produces stainless steel, copper, aluminum and titanium specialty fabrications to various segments of the capital goods market.

The money will help  pay for the renovation of  a 68,000-square-foot manufacturing space in Hempfield Township to accommodate growth.

The total site investment will be more than $2,263,000 and in addition to creating 16 new jobs, it will help retain its 35 current employees.

PIDA provides capital for building acquisition, construction and renovation work, primarily for manufacturers, industrial developers, research and development firms, agricultural processors and employers looking to establish national or regional headquarters in Pennsylvania.

  • More From wfmj.comHot ClicksMore>>

  • What is lava haze? A look at Hawaii's latest volcanic hazard

    What is lava haze? A look at Hawaii's latest volcanic hazard

    Tuesday, May 22 2018 3:45 PM EDT2018-05-22 19:45:48 GMT
    (U.S. Geological Survey via AP). In this image provided by the U.S. Geological Survey, lava from fissure 20 enters the ocean near Pahoa, Hawaii on Sunday, May 20, 2018. The volcano that is oozing, spewing and exploding on Hawaii's Big Island has gotten...(U.S. Geological Survey via AP). In this image provided by the U.S. Geological Survey, lava from fissure 20 enters the ocean near Pahoa, Hawaii on Sunday, May 20, 2018. The volcano that is oozing, spewing and exploding on Hawaii's Big Island has gotten...
    White plumes of acid and extremely fine shards of glass are billowing into the sky over Hawaii as molten rock from Kilauea volcano pours down a hillside and into the ocean.More >>
    White plumes of acid and extremely fine shards of glass are billowing into the sky over Hawaii as molten rock from Kilauea volcano pours down a hillside and into the ocean.More >>
  • School shooting victims killed attempting to ward off gunman

    School shooting victims killed attempting to ward off gunman

    Tuesday, May 22 2018 2:57 PM EDT2018-05-22 18:57:28 GMT
    (AP Photo/Fareed Khan). Abdul Aziz Sheikh, center, father of Sabika Sheikh, a victim of a shooting at a Texas high school, shows a picture of his daughter in Karachi, Pakistan, Saturday, May 19, 2018. The Pakistani foreign exchange student is among tho...(AP Photo/Fareed Khan). Abdul Aziz Sheikh, center, father of Sabika Sheikh, a victim of a shooting at a Texas high school, shows a picture of his daughter in Karachi, Pakistan, Saturday, May 19, 2018. The Pakistani foreign exchange student is among tho...
    An outgoing and 'really funny' student who blocked the door to try to prevent the gunman from entering the classroom and an exchange student who aspired to work in civil service were among the 10 people killed at a...More >>
    An outgoing and 'really funny' student who blocked the door to try to prevent the gunman from entering the classroom and an exchange student who aspired to work in civil service were among the 10 people killed at a Texas high school.More >>
  • Miss Nebraska wins Miss USA competition

    Miss Nebraska wins Miss USA competition

    Tuesday, May 22 2018 4:13 AM EDT2018-05-22 08:13:46 GMT
    The show has begun to see who will go home with the Miss USA title.More >>
    The show has begun to see who will go home with the Miss USA title.More >>
  • More NewsMore>>

  • PSP investigating deadly Lawrence County crash on Route 18

    PSP investigating deadly Lawrence County crash on Route 18

    Tuesday, May 22 2018 6:03 PM EDT2018-05-22 22:03:43 GMT

    One person has died following a crash on Route 18 in New Beaver Boro on Tuesday. 

    More >>

    One person has died following a crash on Route 18 in New Beaver Boro on Tuesday. 

    More >>
  • Valley in need of foster parents

    Valley in need of foster parents

    Tuesday, May 22 2018 5:57 PM EDT2018-05-22 21:57:54 GMT
    Due to the Opiod Epidemic, there has been a dramatic increase in the need for foster homes for children. In fact, foster care referrals have doubled over the last year. Currently, there are over 16,000 children in the Ohio Foster care system. This number expected to increase to 20,000 by the year 2020. Local agency, Homes For Kids, is in need of foster parents to fill a huge deficit in the Valley Homes For Kids Program and Compliance Officer, Shannon Harnichar, expla...More >>
    Due to the Opiod Epidemic, there has been a dramatic increase in the need for foster homes for children. In fact, foster care referrals have doubled over the last year. Currently, there are over 16,000 children in the Ohio Foster care system. This number expected to increase to 20,000 by the year 2020. Local agency, Homes For Kids, is in need of foster parents to fill a huge deficit in the Valley Homes For Kids Program and Compliance Officer, Shannon Harnichar, expla...More >>
  • Former Smith Twp. police chief arrested by U.S. Marshals

    Former Smith Twp. police chief arrested by U.S. Marshals

    Tuesday, May 22 2018 5:00 PM EDT2018-05-22 21:00:53 GMT

    The former chief of police in Smith Township is behind bars nearly two weeks after being indicted on one charge of theft in office.  

    More >>

    The former chief of police in Smith Township is behind bars nearly two weeks after being indicted on one charge of theft in office.  

    More >>
Powered by Frankly
All content © Copyright 2000 - 2018 WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms