J.D. Eckman In West Sadsbury Township Expanding Its Headquarters With Low-Cost Loan

CHESTER COUNTY, PA — J.D. Eckman will expand its West Sadsbury Township corporate headquarters with the help of a low-interest loan through the state's Industrial Development Authority funding.

Gov. Tom Wolf today announced that the Pennsylvania Industrial Development Authority (PIDA) has approved low-interest loans to four businesses in Chester, Bucks, Beaver, and Blair counties, to help expand operations, better serve their consumers, and create and retain jobs.

“PIDA funding is an incredible tool for growing businesses in Pennsylvania that are taking the next critical steps to advance capabilities and ensure they can continue to reliably serve consumers,” said Wolf. “These affordable resources are invaluable as businesses expand and play a major role in my administration’s commitment to supporting and growing the state’s economy and workforce.”

In 2021, PIDA reported it has approved $38,577,782 in low-interest loans that have brought $91,045,930 in private investment and supported 1,592 created and retained full-time jobs.

The approved Pennsylvania Industrial Development Authority projects are:

Chester County
J.D. Eckman, Inc., through the Chester County Economic Development Council, was approved for a 10-year, $910,000 loan at a 2.5 percent fixed rate to expand J.D. Eckman's existing corporate headquarters located in West Sadsbury Township. The property consists of an existing 27,000-square-foot, three-story, owner-occupied office building. The PIDA project will allow for the addition of a 29,400-square-foot, one-story high-bay flex space. The new space will include three standard bay doors and five high bay doors and will be used primarily as a warehouse and repair shop for the company’s vehicles and equipment. The total project cost is $4,050,000.

Bucks County
Through the Bucks County Economic Development Corporation, 701 Canal St. LLC, was approved for a 15-year, $627,600 loan at a 2.5 percent fixed rate to purchase a 41,792-square-foot, multi-tenant facility located in Bristol Borough, Bucks County. The building is divided into eleven units with each tenant space varying from 650 square feet to 5,034 square feet. Currently, there are nine tenants occupying the facility with eight using their space for light manufacturing, warehousing, and distribution. The total project cost is $1,600,000.

Beaver County
Pauana Holdings, LLC, through the Beaver County Corporation for Economic Development, was approved for a 15-year, $1,240,000 loan at a 2.5 percent fixed rate to acquire a 40,200-square-foot, multi-tenancy building located in Hopewell Township, Beaver County. The multi-tenant building consists primarily of flex industrial space. Building features include approximately 40 percent finished area of office/assembly space, seven dock-high overhead doors, one drive-in door with ramp, and concrete aprons at each door. The total project cost is $3,200,000 and is expected to create at least 25 new, full-time jobs within three years.

Blair County
MacInnis Group, LLC, through the Altoona-Blair County Development Corporation, was approved for a 15-year, $700,000 loan at a 1.5 percent reset rate to acquire 55 acres of unimproved land (two parcels) located in Greenfield Township, Blair County. The land will be used by Pennstress immediately as a lay-down yard for bigger concrete structures manufactured at their nearby facility. The total project cost is $1,400,000.

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