|
WOZNIAK ANNOUNCES LOAN FOR CLINTON COUNTY
BUSINESS
|
Wozniak |
HARRISBURG,
January 25
–
State Sen. John N. Wozniak announced today a
small business tourism loan for a truck stop
in Clinton County.
The Commonwealth Financing
Authority (CFA) ratified the $150,000 loan
for Bald Eagle Truck Stop in McElhattan,
under the First Industries program.
“Preserving jobs and providing
incentives for job creation are top
priorities of mine,” Wozniak said. “I’m
pleased that we can provide local businesses
with the help they need to weather the
recession and push toward a brighter
future.”
The primary business of Bald
Eagle Truck Stop is the operation of a
convenience store and gas station. The loan
will be used to construct a new building.
SEDA-COG, a 50-year-old economic
development organization that includes 11
north-central Pennsylvania counties as
members, applied for the loan and will serve
as the conduit for the funding.
“Public-private partnerships are
critical parts of economic development,”
Wozniak said. “By combining their efforts,
rural central Pennsylvania counties can
compete with other regions for available
funding.”
The First Industries Fund is a
loan, loan guarantee, and grant program
aimed at strengthening Pennsylvania’s
agriculture and tourism industries. The
program is administered by both the
Commonwealth Financing Authority and the
Department of Community and Economic
Development.
Back to PaSenate.com |
