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BETHLEHEM (MAY 11) -
Senator
Lisa Boscola announced today that a
Northampton County business has been
awarded $380,000 in state funding
that will help create 6 new jobs and
retain 10 existing jobs in Nazareth.
The local company,
Exigo Manufacturing, Inc., will
receive a total of $380,000 from the
Pennsylvania Industrial Development
Authority (PIDA) in the form of a
low-interest, “bricks-and-mortar”
loan.
"PIDA is one of
Pennsylvania’s most successful
economic development programs,"
Boscola said. “I’m very happy to see
these state funds invested in
helping a local company to expand
and help its employees to keep their
good-paying jobs.”
According to Exigo’s President, Judy Yanega, the
state funding will be used to
acquire and renovate an existing
building in Upper Nazareth. The
company anticipates creating 6 new
jobs with an annual payroll of
$164,472. A total of 10 existing
jobs with an annual payroll of
$337,405 will also be retained.
Boscola praised
both state and local officials for
working together to make the project
a success.
"The approval of this project is an
example of how the combined efforts
of state and local officials can
have a tremendous positive impact on
local businesses and the local
economy,” she said.
Exigo manufactures
steel fittings and valves.
For more information
about the PIDA program, please
contact Senator Boscola’s Office at
(610) 868-8667.
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