The projects backed by these PIDA loans will channel over $9.9 million into the economy, create 10 new jobs, and retain 22 existing positions.
In 2025, the Pennsylvania Industrial Development Authority (PIDA) approved $60,875,900 in low-interest loans resulting in $154,915,611 in private investment, the creation of 305 full-time jobs, and the retention of 883 existing jobs.
New Investments to Spark Economic Growth in Pennsylvania
The Pennsylvania Industrial Development Authority (PIDA) has announced the approval of nearly $4 million in low-interest loans aimed at fostering business growth and job creation in Blair and Westmoreland counties. These initiatives are set to provide a significant boost to the local economy, injecting more than $9.9 million and creating 10 new full-time positions while retaining 22 existing jobs.
In 2025, PIDA sanctioned $60,875,900 in low-interest loans, which spurred $154,915,611 in private investment, facilitating the creation of 305 full-time positions and the retention of 883 jobs across Pennsylvania.
“The Shapiro Administration is committed to supporting businesses throughout Pennsylvania so that we can build a strong, diverse, and competitive economy,” stated Department of Community and Economic Development (DCED) Secretary Rick Siger. “These two PIDA loans will create and secure jobs, help businesses expand and grow their operations, and help drive long-term growth and opportunity for Pennsylvanians in Blair and Westmoreland counties.”
PIDA’s Role and Loan Utilization
PIDA specializes in providing low-interest loans and lines of credit to businesses that pledge to create and retain full-time jobs. These loans are also available for the development of industrial parks and multi-tenant facilities. The funds can be utilized for various purposes, including land and building acquisition, construction and renovation, machinery and equipment purchases, as well as working capital and accounts receivable lines of credit.
Blair County
- Yerty Auto Service, Inc., in collaboration with the Altoona-Blair County Development Corporation, has been approved for a $1,850,000 loan over 15 years at a 4.25 percent reset interest rate. The funding will be used to acquire and renovate a 126,008-square-foot industrial facility in Altoona. The project, aimed at addressing the company’s need for larger space, will support the creation of 10 new full-time jobs and the retention of 22 existing positions. The total project cost is $4,500,000.
Westmoreland County
- Weaver Investments Inc., through the Economic Growth Connection of Westmoreland, has secured a $2,142,000 loan for 10 years at a 4.25 percent reset interest rate. This investment will facilitate the construction of 60,000 square feet of multi-tenant flex facilities at Bushy Run Industrial Park in Penn Township. With a total project cost of $5,467,290, the facilities will feature modern and energy-efficient construction, providing space for Sunbelt Rentals and East Penn Manufacturing.
Since the onset of Governor Josh Shapiro’s term, the administration has attracted over $35.9 billion in private investments, leading to the creation of more than 18,800 jobs. According to Moody’s Analytics Chief Economist Mark Zandi, Pennsylvania remains the only state in the Northeast with a growing economy. Governor Shapiro’s 2025-26 state budget continues to focus on enhancing the Commonwealth’s economic capabilities.
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