Governor Tom Wolf announced recently that the Pennsylvania Industrial Development Authority (PIDA) has approved low-interest loans to a Bristol based business to help improve operations, better serve their customers, and create and retain new jobs.
HiMark Windows, LLC—a PVC window and patio door manufacturer located at 400 Crossings Drive in Bristol Township —through Bucks County Economic Development Corporation, was approved for a 10-year, $1 million loan at a 2.5 percent fixed rate to acquire machinery and equipment including specialized glass production machines, welding equipment, and lift trucks. The company has experienced increased customer demand over the past few years and the new equipment is much faster and will allow for the company to expand production and keep up with the demand. The total project cost is $2 million and the company will retain 204 jobs within three years, officials said.
“PIDA funding provides valuable assistance to support growing businesses with the varying costs associated with improving capabilities and efficiencies so they can continue to meet the demand of their consumers and grow even further,” said Gov. Wolf. “Providing affordable resources that keep commonwealth businesses operating and Pennsylvanians working is a critical investment into the state’s economy.”
In 2021, PIDA has approved $35,683,710 in low-interest loans that have resulted in $86,964,573 in private investment and supported 1,300 created and retained full-time jobs, according to state data.
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