HARRISBURG, Pa. — A cooperative laundry in Allentown will get a boost from the state for its facility expansion, thanks to investments approved by the Pennsylvania Industrial Development Authority (PIDA).
Through the Lehigh Economic Advancement Project, Hospital Central Services Cooperative Inc. will receive a $2.25 million, 15-year loan at 2.25%, according to the Pennsylvania Office of the Governor. The company, which processes laundry for hospitals and healthcare facilities, is planning to construct a 21,000-square-foot addition.
Hospital Central Services Cooperative also received an offer for a $300,000 Pennsylvania First Program grant. In total, more than $4 million will be invested in the site. The Cooperative will retain its 162 current employees and create 38 new positions.
“We’re creating an environment to spur the resurgence of Pennsylvania manufacturing,” Governor Tom Corbett said in an announcement in August. “This is about growing our economy and creating family sustaining jobs.”
PIDA has approved nearly $15.1 million in low-interest loans for projects in counties throughout the state. The projects are expected to create 229 new jobs and retain 664 jobs. According to the governor’s office, PIDA provides capital for building acquisition, construction and renovation work, primarily for companies looking to establish headquarters in the state.
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