BOSCOLA ANNOUNCES MORE THAN $380,000 IN STATE FUNDS FOR LOCAL BUSINESS

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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